Growth and challenges in 2023

The year 2023 saw a significant increase in demand for solar modules, reaching 53% growth. However, challenges such as accumulated inventories, labor shortages and grid-related issues hampered project implementation.

Supply glut in 2024

The supply glut is set to continue into 2024, limiting new production capacity. Despite price cuts benefiting project yields, intense competition threatens the profitability of industry players, with possible expansion cancellations in 2024.

Impact of protectionist policies

Protectionist policies, notably the US Inflation Reduction Act, are influencing the global market. Although solar production capacity has emerged in the USA and India, the supply chain remains concentrated in China, where 93% of the world’s polysilicon is produced.

Impact on world markets

Projections and outlook for 2024

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More information on solar potential in France here.