Hello readers, as a solar expert and enthusiast, I have exciting developments to share about the blooming North American photovoltaic (PV) solar market. A recent supply chain report tracks the growth and projected capacity of PV module production in the region. It illuminates the expansions and advancements happening in the solar industry and gives us a glimpse into our solar-powered future.
A total of ninety-five factories are currently engaged in the production of solar components such as PV modules. That’s a noteworthy jump from the eighty-one factories operating in the first quarter. Focusing on location, outright capacity and factory size, the report provides illuminating details that showcase significant growth in the industry.
Interestingly, the total module production capacity clocks in at an astounding 42 GW across the USA, Mexico, and Canada. What’s even more intriguing is the anticipated growth, as solar companies plan to double capacity to 84 GW in the next three to six years. This projected growth exhibits a buoyant future for solar array for home installations.
The report contains data gathered from various public sources as well as industry contacts, which offer an insight into the theoretical production capacity when these factories are operating at 100%.
A fresh crop of ten manufacturers—including thin film, TOPCon, and perovskite tandem technology solar companies—have sprung up in the second quarter. Among these emerging disruptors, you can find players such as Ascent Solar, Astronergy, Prism Solar, Solaria, and others.
However, as the industry expands, it’s worthwhile to note some constraints in the North American solar supply chain. Current cell production sits at 8 GW, but remarkably, it’s projected to increase seven-fold to 55 GW in the coming years. Meanwhile, wafer production is also anticipated to witness substantial growth, rising from 3.2 GW to an impressive 24.5 GW.
As solar panels for your home become a more common sight, companies are making strategic decisions to align with market trends. For instance, the PV manufacturer, CubicPV, recently switched gears to focus on tandem perovskite technology.
The growth of the solar market and the increasing availability of solar panels for your home represents phenomenal progress in the renewable energy sector. This surge in solar company growth and capacity showcases the potential of solar energy, affirming that the solar industry is primed to power our future.
Stay tuned to this space for more solar industry insights and exciting news.
Original Articlehttps://pv-magazine-usa.com/2024/06/28/sinovoltaics-updates-north-american-solar-module-manufacturing-map/
