Bloomberg solar energy index

What is a solar energy index?

Index is comprised of companies active across the solar energy value chain including the manufacture of solar energy equipment and the financing, development and operation of projects.

Is the global solar market hitting record highs?

By Jenny Chase, Solar, BloombergNEF The global solar market is hitting record highs in volume of installations, and new lows in the price of modules.

How big is the solar industry in 2023?

By Jenny Chase, Solar, BloombergNEF The photovoltaic industry added about 444 gigawatts of new capacity in 2023, a 76% growth on 2022 build. Prices of solar modules are at record lows, and supply of components is plentiful. End-user markets are booming while manufacturers struggle to make a profit. Installations this year will top 520GW.

Will wind and solar power meet a tenth of global electricity demand?

London, São Paulo – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2022, according to research company BloombergNEF (BNEF).

Why has bloombergnef increased its build forecast again?

BloombergNEF has increased its build forecast yet again, particularly due to acceleration in China but also due to rapid build in other established markets, and updates on the global situation as of 3Q 2023. Polysilicon makers have reduced production a little, and prices have stabilized, but we still expect huge oversupply in 2H 2023.

Are solar panels a challenge to forecasting growth?

“The challenge in making forecasts is that if you keep predicting growth at current rates, you end up forecasting the entire world being covered with solar panels,” Jenny Chase, a solar analyst at BloombergNEF, told pv magazine.