Stabilizing Solar Panel Prices: CPIA Sets 0.68 RMB/Wp (0.088 €/Wp) Reference Rate
CPIA (China Photovoltaic Industry Association) is an institution that supports the interests of the Chinese PV industry. It fosters sustainable development, technical innovation, and quality standards for the PV industry.
In October 2024, the CPIA set a price reference of 0.68 RMB/Wp (0.088 €/Wp) for solar module costs since the solar market suffered a high price volatility. Moreover, the CPIA highlighted that per the Chinese Tender and Bidding Law, the awarded contract price must exceed the cost mentioned to maintain the health of the competition.
Why is the cost per unit 0.68 RMB/Wp (0.088 €/Wp)? Considering the mainstream technology in the PV industry, TOPCon rectangular M10 double glass solar module, the breakdown cost from a vertically integrated manufacturer in October 2024s is:
According to the abovementioned breakdown price, the total cost of the N-Type TOPCon solar module before taxes is 0.603 RMB (0.078€), and the cost after tax is 0.68 RMB (0.088€).
Recently, Top tier 1 solar manufacturers attended an official symposium to discuss and agree on the proposed new production cost of 0.68 RMB/Wp (0.088 €/Wp). This could lead to the enhancement of the current market situation. For example, if the bid price is lower than the cost or higher than the maximum bid limit set in the bidding documents, the bid evaluation committee shall reject the bid.
Sustainergy believes that this price limit policy will prevent the continuity of the price from falling to a certain extent, and it's a good sign of solar panel market stability in 2025. Contact Sustainergy's team to secure your procurement of solar panels, inverters, energy storage systems, and mounting structures with price protection contracts for next year.