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Australia could see a solar cell ‘renaissance’ if global supply chain is diversified
(The Guardian, 8 Jul 2022) International Energy Agency report finds China controls the bulk of world’s PV manufacturing.
Australia could start a solar manufacturing “renaissance” and have a rare opportunity to accelerate its transition to renewable energy if it heeds a call by the International Energy Agency to diversify the world’s solar cell supply chain.
A special report by the agency released on Friday found China controls over 80% of parts of the global photovoltaic (PV) solar supply chain, with one out of every seven panels produced worldwide being manufactured by a single factory.
“This level of concentration in any global supply chain would represent a considerable vulnerability; solar PV is no exception,” the report said.
It estimated diversifying the supply chain could attract US$120bn of new investment in PV solar manufacturing facilities by 2030 and create 1,300 manufacturing jobs for each new gigawatt of production capacity.
The Guardian, 8 Jul 2022: Australia could see a solar cell ‘renaissance’ if global supply chain is diversified
