A Silver Institute study says demand for the precious metal for solar manufacturing accounted for 11% of global consumption last year but reduced solar generation capacity up to 2023 will eat into that figure and ‘thrifting’ technological advances will kick in after that point.
The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.
A recently published report on commodity markets published by the World Bank indicates that the recent decline in commodity prices for silver is likely to continue over the next 10-20 years. The looming trade dispute between the U.S. and China is impeding investor trust, as future outlook remains murky.
With silver use per cell falling as demand grows, two different consultancies have given different accounts of future demand for silver in PV applications.