• Fuel report

• Dec 2022

Will new PV manufacturing policies in the United States, India and the European Union create global PV supply diversification?

…The high level of geographical concentration in the global PV supply chain has led the European Union, India and the United States to introduce policy incentives to support domestic PV production. This could result in an unprecedented expansion of PV manufacturing outside of China in the next five years. However, diversifying manufacturing will be possible only if production costs fall to ensure competitiveness with the lowest-cost producers (e.g. in China and ASEAN countries) in both the short and long term. PV manufacturing cost-competitiveness In the past year, rising global commodity prices have led to higher material costs…