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Can the solar industry keep the lights on?
Global supply glut of panels is hurting producers but also helping installations.
Yet as companies in Europe, the US, and China cut jobs, delay projects, and mothball facilities, an abundance of cheap solar panels has delivered one significant upside—consumers and businesses are installing them in ever greater numbers. The picture underlines the quandary confronting governments that have pledged to decarbonise their economies, but will find doing so harder unless the historic shift from fossil fuels is both affordable for the public and creates new jobs. “There is overcapacity in every segment, starting with polysilicon and finishing with the module,” said Yana Hryshko, head of global solar supply chain research at the consultancy Wood Mackenzie.
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