ABB_id1481
in News Departments > New & Noteworthy
print the content item



Average pricing in October for crystalline silicon (c-Si) photovoltaic modules declined in nearly all worldwide regions - primarily because of weak installation demand in Germany, according to the IHS PV Module Price Tracker from information and analytics provider IHS.

The average price per watt for c-Si PV modules declined by a range of 1.9% to 3.5% from September to October in the European Union (EU), China, the U.S., Japan and the rest of the world.

The only major country to buck the trend was Canada, where prices rose by 5.5%. Average module prices in Canada were $0.91/W in September and $0.96/W in October.

"European demand for PV modules dropped off in October, primarily due to developments in the solar powerhouse of Germany," said Glenn Gu, senior analyst for photovoltaics at IHS. "After PV system installations surged in September, the German solar market decelerated in October.

"When combined with weakening conditions in other EU countries, including Greece and Bulgaria, Germany's slowdown had a major impact on module demand and pricing in the European Union and throughout the world," Gu continues.

Regional variations
In October, Canada maintained the highest pricing of all regions, at an average of $0.96/W. At the other end of the spectrum was China, where pricing averaged $0.58/W - down from $0.58/W the previous month.

The biggest decline in costs in October occurred in the U.S., where Chinese-made c-Si modules experienced a 3.5% decline in pricing to $0.69/W - down from $0.71/W in September, according to the report.

Much of this price decline was due to plunging costs among third-tier Chinese suppliers. Module prices for these suppliers dropped by nearly 5% in October.

Prices are expected to decline during the period from November 2012 through January 2013, IHS adds.

Chinese c-Si modules sold in Europe are expected to decline by 1.1% in November, while module prices shipped within China will decline by a larger margin. Looking ahead, 2% to 5% price declines are expected during the next three months in all regions.

Although demand for PV modules is rebounding, pricing has yet to follow, IHS says.

Emerging markets are expected to increase their orders for c-Si modules in 2013. However, most of these countries are demanding cheaper modules in order to increase their return on investment from installations of new systems. Because of this trend, prices are set to continue to decline at least through early 2013.

More information on the PV Module Price Tracker is available here.

Photo credit: National Renewable Energy Laboratory

Hybrid Energy Innovations 2015

Latest Top Stories

Solar Asset Management Marked By New Owners And Aging Fleets

Competition among new capital for desirable utility assets, acceptance of distributed generation alternatives and the demands of installed capacity showing signs of age is fueling new opportunities for growth.


U.S. ITC Votes To Uphold Anti-Dumping Finding Against China And Taiwan

Although not unexpected, the decision to uphold a preliminary finding will lead to tariffs on PV products imported into the U.S.


Solar And Wind Drove New Clean Energy Investment Up 12% In 2014

Despite a reduction in Europe's major renewable energy market subsidies and very competitive natural gas prices in the U.S., investment in the global clean energy sector for 2014 registered its first annual increase since 2011.


Study Finds U.S. Solar Jobs Have Grown 86% In Four Years

Despite a leveling out in the cost of photovoltaic power, solar jobs continue to climb in the U.S. far above other sectors.


Xcel's Community Solar Program Creates 'Bite-Sized' Utility Projects

Launched last month, Xcel Energy's Solar*Rewards Community program promises to help build a new segment of the solar market. Project developers and builders near and far are adjusting their business models accordingly.

2015 Buyer's Guide Register
Solectria_id1450
Hybrid Energy Innovations 2015
PV America_id1480