Photovoltaic module production to go through the roof

Solar farm in Arizona - Wikimedia CommonsProduction of solar photovoltaic (PV) modules will soar during the first half of 2016.

That, said IHS Technology, is because of installation deadlines, the end of solar tax credits and demand from the two biggest markets for PV, the USA and China.

IHS said that PV installs will increase by 33 percent this year, reaching 58.7 gigawatts (GW).

Growth will slow to 12 percent in 2016.

But there’s no good news on pricing in the US market. Trade disputes mean that prices won’t fall there in the first half of the year.

The demand from China and the USA means there will be shortages in the first quarter of 2016.

Average selling prices will fall in the second half of next year, IHS predicts.