Will photovoltaics become a major industrial sector?

For Voltec Solar and the IPVF, photovoltaics must become one of these major national industrial sectors and this is the objective stated by the France PV Industrie project which was the subject of a file submission in the Calls for Projects from ADEME for France 2030.

Where do solar PV manufacturers come from?

Based on a sample of globally leading solar PV manufacturers originated in Canada, China, Germany, South Korea, and the United States of America we conduct a detailed analysis and provide insights into solar PV industry upstream and downstream network dynamics examined for the period 2007–2023.

What is solar photovoltaics and why is it important?

Solar photovoltaics is one of the most cost-effective technologies for electricity generation and therefore its use is growing across the globe. Global solar photovoltaic capacity has grown from around five gigawatts in 2005 to approximately 1.6 terawatts in 2023. Only in that last year, installations increased by almost 40 percent.

Is solar PV a good investment for business and policy makers?

As from our point of view the development of renewable industries such as solar PV should be of vital interest for business and policy makers in light of global warming, cleaner production and also against the background of interesting business opportunities which contribute to economic and societal prosperity.

Are silicon-based solar cells still a key player in the solar industry?

Silicon-based solar cells are still dominating the commercial market share and continue to play a crucial role in the solar energy landscape. Photovoltaic (PV) installations have increased exponentially and continue to increase. The compound annual growth rate (CAGR) of cumulative PV installations was 30% between 2011 and 2021 .

How efficient are solar cells?

This, in turn, affects the solar cells’ properties, particularly their efficiency and performance. The current laboratory record efficiencies for monocrystalline and multicrystalline silicon solar cells are 26.7% and 24.4%, respectively .