Europe Solar Supply Chain Map Q2 2024
July 1, 2024
The Sinovoltaics Supply Chain Map (SSCM) - European for Q2 2024
- This latest version of the Sinovoltaics European Solar Supply Chain Map has gotten a serious revamp thanks to great feedback from the market. We’ve included several of additions and also left out BIPV module manufacturers in this iteration.
- The current market press releases and data indicate that there is 22 GW of module production capacity currently in Europe, but an additional 38 GW has been announced by various parties for 2027/2030. The current cell production is at 3 GW, but announcements look to jump by 37 GW in the coming 3 - 5 years for a total of 40GW by 2027/2030. There had been 3 GW of Ingot capacity, but that figure has now reduced to 2 GW with Norsun halting its production capacity for now. Nonetheless, VallisSolaris, Silicon Valen, and Kalyon PV will collectively add 20 GW of ingot capacity by 2027/2030.
- Unfortunately, the EU market is also seeing some contraction. Meyer Burger has shifted its module production to the US, but it will continue to produce cells in Europe. The following companies have either suspended production or shifted their production in Europe: Photowatt, Sonnenkraft, Energetica, Belinus, Systovi, RECOM Silia, Solarwatt, Innolane, REC, Norwegian Crystal, Filsom AG, Gest Enerji, Suoz Energy Group, and Solarturk.
For more detailed PV insights and analysis of the European solar market, including emerging trends and future projections, refer to the full Q2 2024 Sinovoltaics Solar Supply Chain Map report.
If your solar manufacturing project isn't listed or has been updated, please reach out to us at contact@sinovoltaics.com to have your details listed and share your latest developments. We'll include them in our next release.
