We, at Eco Green Energy, saw an increasing demand of solar panels in the post-pandemic period. As checked, the demand will grow by around 15% in 2021. Here we made a brief overview of 2020 & outlook of 2021 in solar PV module sector.
Eco Green Energy hot-sale PV module in 2020
Affected by accidents and overhauls of some polysilicon companies in Xinjiang, a shortage of polysilicon began in August in 2020. In the next year or so, polysilicon supply will remain tight.
Yet for Eco Green Energy, it took this chance to produce and export more poly series panels. EGE poly 60 and 72 cells 5BB panels are the most hot-sale series in 2020, which are popular in Latin America, especially Mexico and Chile.
In almost all cases, the best solar panels are made with premium monocrystalline solar cells. Monocrystalline cells are made with a single crystal of silicon instead of many silicon fragments melted together, as is the case with polycrystalline cells. This means that the cells are more efficient at converting sunlight to electricity, plus they have a sleek black tint to them. Therefore, solar panels with monocrystalline cells generally come with a higher price.
As we can see, solar panels with monocrystalline cells have gone mainstream in 2020. As checked, EGE Mono 60 cells 5BB, 120 and 144 half-cut cells 9BB also popular in some European countries, due to their high efficiencies, competitive pricing, and elegant appearance.
(Eco Green Energy Eos Mono 320W projects in Poland)
(Eco Green Energy Helios Plus 450W project in Morocco)
As a result, Eco Green Energy has reached 50% increasing of solar PV module production in 2020 compared with 2019.
What to Expect in 2021?
The new growth for 2021 comes from projects that delayed in 2020 due to the Covid-19 crisis. A positive sign for this growth is coming from the current PV module demand. In a report recently, Asia Pacific will maintain stable growth. For Latina America, where electricity cost is low, will increase 30% to 60%. As well as the Middle East, where utility-scale projects are underway. As a result, all these will contribute to a solar boom in 2021.
(Source: PV InfoLink)
Delayed projects from 2020, together with a generally increased appetite for renewables around the world, leads to project 34% year-on-year growth in annual PV installations in 2021 – a year when module prices will remain high for at least the first two quarters.
(Source: PV InfoLink)
As for Eco Green Energy, is committed to enabling solar PV modules across a range of applications and locations all over the world. Thus, in 2021, we are expecting to promote and export more solar PV modules with bigger power range, such as HELIOS PLUS 450W, new product generation ATLAS 460W and 550W.