BNEF Brief: Global Solar Outlook

The video discusses the expected growth of the global photovoltaic (PV) market, highlighting a 22% increase from 108 gigawatts in 2018 to 131 gigawatts in 2019. A significant portion of this growth is attributed to China, which has received 15 gigawatts of requests for subsidy-free projects. The Chinese market is expected to account for about one-third of global installations in 2019. However, policy uncertainty has impacted market dynamics, leading to a glut in low-efficiency products and a tight market for high-efficiency products. Manufacturers are investing in new facilities to meet the demand for higher efficiency products.

What has been the impact of policy uncertainty on the supply-demand dynamics in the PV market?

What types of products are experiencing a glut in the market, according to the text?