Analysis of the current status of photovoltaic panel exports to the EU

How has global solar PV manufacturing capacity changed over the last decade?

Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011.

How much solar power does the EU produce?

The production volume of electricity from solar photovoltaic power in the European Union has been steadily increasing in the last years. In 2023, the EU's solar PV power production stood at over 240 terawatt hours.

Can photovoltaic energy be developed in the EU?

However, the production and development of photovoltaic energy in the EU would not be so rapid without proper energy policies. Decarbonization of the EU economy is critical. Another lesson from the EU photovoltaic development is that the development of the PV sector requires further investments and outlays for the development.

Which photovoltaic companies are expanding production in 2023?

In 2023, prominent photovoltaic companies, including LONGi Solar, JA Solar, Jinko Solar, Trina Solar, and Tongwei, have unveiled their plans for expanding production. The expanded capacity predominantly focuses on N-type production, known for its enhanced photovoltaic conversion efficiency.

Is the photovoltaic industry poised for a transformation in 2023?

According to Zhang Sen, the industry is poised for a transformation due to the recurrent issue of oversupply. In 2023, prominent photovoltaic companies, including LONGi Solar, JA Solar, Jinko Solar, Trina Solar, and Tongwei, have unveiled their plans for expanding production.

Will PV capacity grow in the European Union?

The data indicate the development of PV capacity in the European Union. The market will be quite large, and the modern electricity sector will have huge capacity [ 134 ]. The ARIMA model was used for the prediction because the models are robust and easy to implement [ 135 ]. Our prediction is rather optimistic.