Solar industry saw exceptional demand in 2021 and 2022.
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights
- Solar industry saw exceptional demand in 2021 and 2022
- Investment boom in the sector has led to huge over-capacity
- China accounts for 80 percent of the global solar module production
- The US and Europe are sitting on a huge inventory
- Solar PV prices have touched historic lows
- Prevailing market prices are below cost of production for many global players
Following the onset of the pandemic, the global solar industry saw a rapid growth in 2021 as economies started slowly reopening and governments took