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Gigafactories With New Solar PV Module Tech Might Cause Solar Glut in 2021
New Solar Gigafacotries will increase total global PV to 300GW. Using actual capacity expansion data, PV Tech's analysis indicates only 200GW of installations in 2021 will offset a period of overcapacity.
PV Tech believes 80-100 GW of old solar module technology will be retired.
Solar makers are getting huge new factories to have a price and technology advantage. They will squeeze out the smaller players.
The shift is to high-efficiency large-area monocrystalline technology shift and becoming ten times bigger than the 2-3 GW/year players.
There are also new more automated production lines in the new factories.