May 11, 2021

Top 10 factors powering renewables growth

Dominic Ellis
6 min
PV-Grade glass prices surge 50%

In the second half of 2020, PV-grade glass prices surged 50%, mainly due to growing demand for bifacial modules and delays to the modernisation of high-cost production lines. Steel and copper prices also rose 40% from September 2020 to March 2021, boosted by rapid economic recovery in China and other emerging economies. In addition, relatively higher oil prices and the global economy’s recovery from the pandemic tripled global freight costs, raising the price of Chinese modules exported around the world. 

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