On the afternoon of March 16, 2023, the "Global Photovoltaic and Energy Storage Market Development and Trends" online seminar, hosted by EnergyTrend, the new energy research center of TrendForce, was successfully concluded! The conference received strong support from outstanding companies in the industry such as Tongwei Solar, Jolywood, and SYL Battery(SYL) of Risen Group. Several business elites and industry analysts discussed topics such as forecasts on global PV and energy storage market installation, industry prices, supply and demand, and new technology developments, to deeply explore the industry's potential and provide forward-looking planning and thinking for companies in various links of the industry chain. The online seminar was well-received and generated enthusiastic feedback.

At the beginning, Sara Fan, the General Manager of TrendForce, made an opening speech, to show her sincere greeting and gratitude to all the attendees, and expressing her best wishes for the development of the pv and energy storage industries. Following that, representatives of business elites and TrendForce analysts delivered splendid speeches successively.

TrendForce: Polyslicon prices are declining, and overseas production capacity for modules is accelerating expansion.

Faye Wang, the Market Director of New Energy Research Center of TrendForce, shared the trend of each links of the global PV industry in 2023. TrendForce predicts that in 2023, in the main industry chain, the supply of polysilicon is very sufficient and will gradually enter the surplus stage. In terms of silicon wafers, wafers will continue to develop toward large sizes, thinning and N-type in 2023. But affected by the tight supply of high-purity quartz sands for crucibles,the actual output will be limited.

In terms of solar cells, in the second half of 2022, the production capacity newly built mainly depended on new technologies. However, the production capacity of new technologies will be mainly released intensively in the second half of 2023. So in the first half of 2023, large-sized PERC cells will still show a tight-supply trend. In terms of modules, global module capacity will reach 853 GW by the end of 2023.

Chart: Global demand for PV installed capacity in 2023 will be 330 GW - 350 GW

In terms of auxiliary materials, the shortage of PV-level EVA particles will continue. POE particles are highly dependent on overseas imports. While with the accelerated capacity release of N-type products in the second half of the year, the demand for POE particles will gradually increase and the shortage situation will be worse. But it can’t be ignored that stimulated by high prices, the actual output of each link has a certain upward elasticity. Judging from the actual output in the industry chain, TrendForce estimate the global demand for PV installed capacity in 2023 will be 330 GW - 350 GW.

Tongwei Solar: Innovatively adopted the “H + S” technology to create full-black bifacial module with“small body but big energy”

At present, the development of N-type components has seen an accelerated period, and the product share continues to grow. Aran Huang, Shingled Sales Department Product Manager of Tongwei Solar, introduced that Tongwei responds to market demand to create Terra N module, the full-black bifacial module with “small body but big energy”. Terra N module has advantages such as lower degradation, optimized temperature coefficient, higher bifacial rate, high power and high efficiency for the applications of the high-end distributed market.

Chart: Tongwei’s Terra N Performance