星期二, 1月 26, 2021
Home PV News PV industry silver demand to fall slightly

PV industry silver demand to fall slightly

Trade body the Silver Institute says silver demand in the solar industry will dip slightly this year but remain near to previous record highs. Silver paste consumption for PV has been reduced due to advances in metallization techniques.

Source:Pv magazine

Silver demand in the solar industry will fall slightly this year but remain near recent record high levels, according to industry body the Silver Institute’s 2020 outlook.

Demand for the precious metal across all industries is expected to rise 3% thanks to the electrical and electronics sectors, as well as the automotive market. “Silver use in 5G-infrastructure and upcoming intelligent electronics is also likely to fuel demand gains,” analysts at the trade body wrote.

The U.S.-based industry association said silver consumption is being reduced by solar manufacturers through technological advances which require less use of the precious metal for conductive silver paste on the front and rear of most PV cells.

The analysts said the general outlook for the PV sector in 2020 appeared mixed but “ongoing government support for renewables to counter climate change and falling prices for finished PV modules should boost global PV installations”.

It’s all good

The institute added, the global outlook for silver remains positive as the commodity’s annual average price is expected to rise 13% to a six-year high of $18.40 this year.

More details are due to be published in the World Silver Survey 2020, expected in April.

Research published by the University of Kent’s business school in April sought to show a direct correlation between rising silver costs and increased solar module production. The study found silver prices rose significantly after 2011, when renewables received a boost thanks to concerns about high oil prices. The Kent researchers said a further increase in silver prices might drive higher module prices.

In a report published in June 2018, the Silver Institute highlighted how the amount of silver needed by the PV industry could fall from 130mg per cell in 2016 to approximately 65mg by 2028.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

New Energy Equity adds 326 kW of solar to municipal buildings in Norton Shores, Michigan

New Energy Equity, along with its development partner Chart House Energy, has completed a 326-kWDC solar development project consisting of three separate municipal buildings...

PG&E announces 387 MW/1,548 MWh of energy storage capacity in latest project announcement

Pacific Gas and Electric Company (PG&E) has requested approval from the California Public Utilities Commission (CPUC) for six new battery projects totaling 387 MW...

NEP releases 500-W microinverter for large-format panels

Silicon Valley-based Northern Electric Power Technology (NEP) has released a new 500-W microinverter. The company is calling it a “macroinverter” since it is able...

Solar investment tax credit extended at 26% for two additional years

Story updated Dec. 22 after successful passage of the bill by Congress. Extended renewable energy tax credits have been included in a $1.4 trillion federal...