Bottom in Sight: Solar Module Prices Near Stable

• Solar module prices appeared to be at a bottom, with solar cell prices increasingweekly and wafer prices being cut by suppliers. Prices in 2023-24 are expected to rise beyond 22c/watt, signaling a market recovery.

Solar module prices, which set the tone for the global market, seem to be near a bottom. Recent indicators of this include solar cell prices, which saw a weekly increase of 1.5-2%, and mono grade polysilicon prices stabilizing at 65 CNY/kg. Wafer prices are also close to bottoming out, with further cuts being made by major suppliers. Module prices are currently at 19c/watt, and there are hopes of consolidation from September as destocking across multiple manufacturers takes place. While prices are not expected to rise significantly beyond 22c/watt in 2023-24, it does look like the market is poised to start recovering.

What are Solar Module Price Trends?

• Solar cell prices have seen a weekly increase of 1.5-2%.
• Mono grade polysilicon prices have stabilized at 65 CNY/kg.
• Wafer prices are close to bottoming out, with major suppliers making further cuts.
• Module prices are currently at 19c/watt.
• Consolidation is expected to occur in September due to destocking across multiple manufacturers.
• Prices are not expected to rise significantly beyond 22c/watt in 2023-24.
• The market appears to be slowly recovering from a slump.
• Solar module prices have been generally declining in recent years.
• The low cost of solar energy has made it an attractive option for homeowners and businesses.
• Solar manufacturers have been responding to the falling prices by making improvements in technology and efficiency.
• The cost of solar modules is also impacted by government subsidies and incentives.
• Solar module prices have the potential to be further reduced via increased manufacturing scale.