in News Departments > New & Noteworthy
print the content item

comments: 2



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

IronRidge_id1414

Surrette_id1409
Latest Top Stories

Solar Capacity Increases Sharply At U.S. Schools

A new study shows that solar power for K-12 schools is a hot market with plenty of room for future growth.


SolarCity Strikes An East-West Pose In Its New Commercial Mounting System

The first major new product release from SolarCity's Zep Solar business unit since last year's merger reveals new opportunities in the commercial solar space.


Central America's Heart Set On Solar With New Government Tenders

Big deals in El Salvador and Honduras point toward a surge in photovoltaic capacity in the region.


Con Edison To Meet Overload With Storage And Demand Management

Rather than dropping $1 billion on infrastructure to meet overload forecasts, the venerable electric utility is proposing a novel package of customer-side load management programs that could serve as a model for other energy providers.


U.S. And China Account For Over Half The World's PV Pipeline

While the usual suspects continue building photovoltaic projects at a breakneck pace, two new players are emerging with impressive capacity growth.

S&C Electric_id1352
SilcoTek
Lufft_id1410
CanSolIndus_id1429
Future Energy_id1428
PVcobra_id1394