Global Market Development 2024: A Year of Solar Superlatives?

The smarter E Podcast Episode 160 | December 21, 2023 | Language: English

The times in the solar industry are very exciting and pretty difficult at the same time: with 413GW annual installations worldwide, the latest edition of BloombergNEF´s 4Q 2023 Global PV Market Outlook points out that solar installations more than doubled in only 2 years. At the same time, with record-low prices for modules, being a manufacturer is becoming increasingly difficult, even though the demand for solar is hug and constantly growing. At COP28, state leaders agreed on tripling the share of renewable energies by 2030. At the same time, solar faces structural difficulties such as grid constraints, labor shortages, price cannibalization, looming trade wars and government regulations that don’t keep pace with the industry´s needs in order to accelerate solar deployment.

About those astonishing and at the same time controverse developments, we spoke to Jenny Chase.

Timeline:

  • 2:14 We saw at the latest numbers which BloombergNEF published that solar installations have more than doubled in the last two years. Will this skyrocketing development to go on like this until the end of this decade, or even forever?
  • 06:56 Global module prices: Following the latest trends, we now reached a new all-time low of 12,4 ct/W for solar modules. How are those prices going to effect both the global manufacturing landscape and the deployment of solar worldwide?
  • 09:29 According to your numbers, in the US, modules are more expensive, at a cost of 25 ct/W. Why do we have a different situation there?
  • 15:28 Price cannibalization: To what extent can batteries, electrolysers and flexibility solve this problem?

About The smarter E Podcast

The smarter E podcast is all about the current trends and developments in a renewable, decentralized and digital energy industry. Our moderators Tobias Bücklein and Zackes Brustik welcome and interview personalities who shape our industry and drive developments forward. A new episode is published every Thursday.

Click on the logo to listen to the podcast on the platform of your choice.

About Jenny Chase and Bloomberg NEF

Jenny Chase, analyst with BloombergNEF's global Solar Insight Service

Jenny Chase is an analyst with BloombergNEF's global Solar Insight Service. She joined BNEF mid-2005 and launched the Solar Insight Service in early 2006, and ran the team from Bloomberg's Zurich office until late 2022. She then stepped down from management and continues to write about and analyze the solar industry as part of the team. Jenny is the author of a book, Solar Power Finance Without the Jargon, published by World Scientific Publishing in 2019. She holds a BA in Physical Sciences and an MSci in Physics from the University of Cambridge, England, and breeds award-winning West of England geese. She is on Twitter as @solar_chase and Mastodon as @solar_chase@mastodon.green.

BloombergNEF (BNEF), Bloomberg's primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. The Company helps corporate strategy, finance and policy professionals navigate, change, and generate opportunities.

Content Partner

The World’s Leading Exhibition for the Solar Industry
Learn more
Mais conteúdo
Intersolar Europe Conference 2023
Demand for European Solar Products

Wednesday, June 14, 2023, 02:00 pm - 03:30 pm

The smarter E Europe Conference 2023 | Conference Program

conta gratuita

The working groups of the European Solar Photovoltaic Industry Alliance (ESIA) will provide details on the progress that has been made at re-building a European solar industry since the organization was launched in December of 2022. This session will discuss:Financing of European manufacturingDemand for European solar productsSupply chain bottlenecksSolutions for closing the skills gap

Intersolar Europe Conference 2023
Even Greener: How to Improve Sustainability of Solar Products

Wednesday, June 14, 2023, 09:00 am - 10:30 am

The smarter E Europe Conference 2023 | Conference Program

conta gratuita

The advances of technology along the solar value chain in recent years have been breathtaking: Innovations have included considerably larger wafers, new cell technologies, much higher-efficiency solar modules, smarter inverters with management systems that can control fully electrified high-tech homes and less material-intensive fixed or tracking mounting systems that can be installed faster and boost system yields. This session will provide an overview of the latest technologies:Wafer-to-module technology innovationsGrid-connection and system control devicesMounting technology for solar system installations

Intersolar Europe Conference 2023
Variation in PV Module Production Standards and Insurability: Munich Re Factory Inspection Charts

Tuesday, June 13, 2023, 04:30 pm - 06:00 pm

The smarter E Europe Conference 2023 | Conference Program

conta gratuita

An inflationary environment with high product and labor costs as well as rising interest rates have made investments into solar projects less attractive at a time when Europe needs to accelerate deployment in order to meet its climate targets. On top of that, policy makers are creating uncertainty among investors by implementing caps on revenues and rushing to modify an established electricity market design.This session will cover:Overview of the solar project financing landscapeBusiness models and solar investment trendsInsurability and risk assessment in PV projects

Intersolar Europe Conference 2023
Welcome & Introduction

Tuesday, June 13, 2023, 04:30 pm - 06:00 pm

The smarter E Europe Conference 2023 | Conference Program

conta gratuita

An inflationary environment with high product and labor costs as well as rising interest rates have made investments into solar projects less attractive at a time when Europe needs to accelerate deployment in order to meet its climate targets. On top of that, policy makers are creating uncertainty among investors by implementing caps on revenues and rushing to modify an established electricity market design.This session will cover:Overview of the solar project financing landscapeBusiness models and solar investment trendsInsurability and risk assessment in PV projects

The smarter E Europe Conference 2023
Solar Innovations Tour: What's Hot in PV Wafer to Modules

Wednesday, June 14, 2023, 09:00 am - 10:30 am

The smarter E Europe Conference 2023 | Conference Program

conta gratuita

The advances of technology along the solar value chain in recent years have been breathtaking: Innovations have included considerably larger wafers, new cell technologies, much higher-efficiency solar modules, smarter inverters with management systems that can control fully electrified high-tech homes and less material-intensive fixed or tracking mounting systems that can be installed faster and boost system yields. This session will provide an overview of the latest technologies:Wafer-to-module technology innovationsGrid-connection and system control devicesMounting technology for solar system installations

Está a utilizar um navegador desactualizado

O sítio web não pode ser exibido neste navegador. Favor abrir o website num navegador actualizado, como Edge, Chrome, Firefox ou Safari.