News flash
At Intersolar in Munich, pv magazine spoke with Jenny Chase, solar analyst at BloombergNEF, about the incredibly low polysilicon prices, massive overcapacity, and increasing consolidation. According to Chase, this year there will be enough polysilicon capacity to produce 1.1 TW of solar modules, but global module demand is expected to reach around 585 GW. “That is a pretty huge delta,” she said, noting that the solar industry should also prepare for a series of “negative feedback mechanisms,” such as negative prices and excess of solar power.
In the second interview in a series held at Intersolar 2024, pv magazine spoke with Karen Tang, editorial director for Europe at Singapore-based market research company OPIS, about the strong pressure on prices across all segments, including the downstream business. She defined the current market situation as “unhealthy” and “bleak” for the PV industry, although she acknowledged that overcapacity is also making solar extremely competitive compared to all other energy sources. Tang also expects pressure on electricity and gas prices to continue this year.
This article was originally published in pv magazine and is republished with permission.
