Solar Module Prices Stabilize at Low Levels: Current Trends and Implications

Background:

Current Trends:

Over recent weeks, the solar industry has witnessed a stabilization of module prices, maintaining a downward trajectory but settling at notably low levels. This trend reflects a delicate balance between supply and demand dynamics, influenced by factors such as global market conditions, technological advancements, and policy frameworks.

Polysilicon

Polysilicon prices have continued to decline this week as there are still inventory pressure for raw materials. This supply-demand imbalance is worsened by rising polysilicon production capacity and dwindling ingot manufacturer inventories, sustaining an oversupply situation. N-type polysilicon prices now are more and more close to standard Polysilicon’s, indicating a longterm trend.

Figure 1. Polysilicon price trends, update on 10th of April, 2024 Source:?EnergyTrend, 2024

Wafers

Wafer prices have the similar situation, especially for large type M12 wafers as demand for big panels from backend isn’t? strong. Regarding prices for N-type wafer ?prices has stabilized for mainstream product like 182mm, while for 210mm N-type wafers prognoses are pessimistic.

Figure 2. Wafers price trends, update on 10th of April, 2024

Source:?EnergyTrend, 2024

Cells

In terms of supply and demand dynamics, cell production has aligned with downstream demand this month, resulting in only a slight increase in inventory levels, and not obvious decrease in final price for mainstream products like 182mm P-type and N-type which remain reasonable. However, the pressure from module manufacturers may pose challenges for cell manufacturers in maintaining stable prices moving forward.

Figure 3. Cells price trends, update on 10th of April, 2024

Source:?EnergyTrend, 2024

PV?Modules

Module prices remain stable for a couple of weeks already, not showing obvious decrease tendencies.

In terms of supply and demand dynamics, the module sector anticipates continued production growth to meet rising demand and order volumes as summer season and big EPC projects are coming. ?However, recent downward trends in polysilicon prices have posed challenges to price stability across the solar industry chain, prompting manufacturers to initiate price competition in response.

Figure 4. Modules price trends, update on 10th of April 2024

Source:?EnergyTrend, 2024

Conclusion:

Implications for the Industry:

The stabilization of solar module prices at low level carries several implications for stakeholders across the solar value chain. Firstly, it enhances the predictability and certainty of project economics for developers and investors, fostering greater confidence in solar energy deployment. Additionally, it underscores the maturation of the solar market, signaling a transition towards a more stable and sustainable pricing environment.

Opportunities for Growth:

Amidst the backdrop of stabilized module prices, Eco Green Energy sees abundant opportunities for growth and innovation. With prices at low levels, solar energy becomes increasingly accessible and cost-effective, driving greater adoption among residential, commercial, and utility-scale customers. Furthermore, the stability of prices encourages investment in research and development, leading to continuous improvements in solar technology and efficiency.

Eco Green Energy's Commitment:

At Eco Green Energy, we remain steadfast in our commitment to providing high-quality solar solutions at competitive prices. Check our full range of products here and stay connected with Eco Green Energy by attending our events.

For further inquiries or to explore our range of solar products and services, please contact us at [email protected].

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