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Global Solar Outlook 2024: BNEF Expects 655GWdc Addition In Best Case

-BNEF forecasts up to 655GWdc of solar PV capacity additions in 2024, with China, the US, and India leading the pack.

-Concerns linger over global overcapacity due to China’s massive solar manufacturing expansion, affecting polysilicon and module prices worldwide.

-China’s solar manufacturing sector reports significant output growth, with module exports, particularly to Europe, contributing to record inventory levels.

-Despite disruptions in the Red Sea, module supplies to Europe are expected to remain largely unaffected, showcasing the solar market’s resilience.

-The report highlights Brazil’s emergence as a significant contributor to global solar growth, potentially surpassing Germany in capacity additions.

Originally published on Saur Energy

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