| Date | November 06, 2024 |
|---|
InfoLink Consulting held the "Powering Europe's Solar Revolution: A Vision for 2028 and Beyond" webinar on Nov. 5, featuring industry experts who delved into the critical trends shaping the future of solar energy in Europe.
Event highlights:
1. Europe's PV market outlook
Kyle Lin, solar research assistant, highlighted Europe’s role as the second-largest global market for PV modules, projecting demand to reach 85-93 GW in 2025. Despite challenges like grid congestion and labor shortages, Europe's commitment to net-zero carbon goals and diversified energy strategies remains a powerful driver for sustained growth.
2. Technological advances with n-type modules
Vikey Zhao, solar analyst, presented the transformative potential of n-type technology, expected to dominate 87% of the market by 2028. This shift is poised to enhance efficiency and support Europe's transition to a low-carbon future.
3. Navigating supply and pricing dynamics
Dora Zhao, senior analyst, shed light on the evolving global supply chain and pricing dynamics. While the PV industry faces challenges such as overcapacity and fluctuating prices, strategic opportunities in emerging markets like the Middle East and North Africa offer new avenues for growth.
Key insights:
Participants were encouraged to engage in policy advocacy and explore innovative investment models that align with environmental sustainability, such as module recycling and carbon tax strategies.
Join our next webinar:
Our next webinar, which will take place on Nov. 28, will explore India’s solar and energy storage market developments. Gain exclusive insights into one of the fastest-growing solar markets in the world. Don’t miss this opportunity to stay ahead in the industry.
Register now at: India: What Awaits in 2025?
Event highlights:
1. Europe's PV market outlook
Kyle Lin, solar research assistant, highlighted Europe’s role as the second-largest global market for PV modules, projecting demand to reach 85-93 GW in 2025. Despite challenges like grid congestion and labor shortages, Europe's commitment to net-zero carbon goals and diversified energy strategies remains a powerful driver for sustained growth.
2. Technological advances with n-type modules
Vikey Zhao, solar analyst, presented the transformative potential of n-type technology, expected to dominate 87% of the market by 2028. This shift is poised to enhance efficiency and support Europe's transition to a low-carbon future.
3. Navigating supply and pricing dynamics
Dora Zhao, senior analyst, shed light on the evolving global supply chain and pricing dynamics. While the PV industry faces challenges such as overcapacity and fluctuating prices, strategic opportunities in emerging markets like the Middle East and North Africa offer new avenues for growth.
Key insights:
- Global demand trends:
The global PV module demand is projected to stabilize, with expected growth from 469-533 GW in 2024 to potentially 568 GW by 2025 in optimistic scenarios.
- Supply chain challenges:
The PV industry is entering a mature phase, characterized by slower growth and the need for strategic capacity management. Companies must navigate inventory pressures and adapt to a highly competitive environment.
- Opportunities in emerging markets:
The Middle East and North Africa are highlighted as regions with significant growth potential, offering strategic advantages in both local demand fulfillment and exports to traditional markets like Europe and North America.
Participants were encouraged to engage in policy advocacy and explore innovative investment models that align with environmental sustainability, such as module recycling and carbon tax strategies.
Join our next webinar:
Our next webinar, which will take place on Nov. 28, will explore India’s solar and energy storage market developments. Gain exclusive insights into one of the fastest-growing solar markets in the world. Don’t miss this opportunity to stay ahead in the industry.
Register now at: India: What Awaits in 2025?