Info
Info
News Article

Rapid Sales Growth For CIGS Solar Panels Forecast

News
In its newly released report, "CIGS Photovoltaics Markets-2012," industry analyst firm NanoMarkets forecasts revenues from CIGS panels will reach $4.4 billion (USD) by 2017. While the recent announcement of a 150 MW solar farm supports the notion that CIGS technology is finally ready for prime time, NanoMarkets says that CIGS manufacturers will have to adopt new strategies to protect themselves from falling solar panel prices.

To meet the challenge of very low-cost crystalline silicon (c-Si) solar panels, CIGS will need to continue to improve on its cost per watt.  NanoMarkets expects CIGS to succeed in this regard through volume production and manufacturing efficiencies such as thinner absorber layers and aggressive recycling of absorber materials.  CIGS can also compete with c-Si based on superior aesthetics and good performance in indirect light.

NanoMarkets believes that reducing the cost of encapsulation is the key to success for flexible CIGS panels, which will generate more than $635 million by 2017.  Current use of complex dyadic film encapsulation is proving very expensive and the new report suggests that there may be some potential for lowering costs by using overcoats of silicon nitride, silicon oxide, and/or silicon oxynitride before final module encapsulation. The report also says that the CIGS industry will embrace low-cost advanced plastic substrates going forward as a replacement for polyimide.

NanoMarkets also believes that CIGS manufacturing will take new directions resulting in higher efficiencies and lower costs.  Laser annealing of the absorber layer will become more common and will enable more thermally sensitive substrates to be used.  However, the cost of laser annealing equipment will need to be reduced before this can happen.  NanoMarkets also foresees solution-based deposition as playing a growing role in the creation of CIGS panels based on new types of solvents.  In the past, this type of approach has suffered as the result of high levels of impurities in the materials.  However, hydrazine, however, is now proposed as a solvent system for solution-based deposition, and has shown promising results in the lab. This new approach seems likely to considerable improve CIGS efficiency

About the Report:
"CIGS Photovoltaics Markets "“ 2012" is the latest in NanoMarkets' ongoing series of industry reports on CIGS markets.  Applications sectors covered include rigid panels (conventional and BIPV), flexible PV, portable PV and BIPV glass.  The report also includes in-depth analysis of the latest trends in CIGS manufacturing and their market impact.  The realistic eight-year forecasts in this report are broken out by application sector and by type of deposition/manufacturing.  Both revenue and volume (MW) forecasts are included.


The Smarter E South America Postponed To October 18-20, 2021
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Driving Efficiency Through Flexible Solar Power Solutions
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Leclanché Selected By ENERGODATA To Provide Battery Storage
Greencoat Renewables Announces First Transaction In Nordic Market
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event