PV module price declines continue


The U.K-based research company says that while module prices went through a short period of stability in June on the back of high demand in Germany and Italy, they have once again declined.

It has found that average prices for crystalline silicon photovoltaic modules purchased by distributors rose 3% in June. However, July saw them slip by 2.5% following Germany’s June 30 feed-in tariff deadline, combined with "bleak" European demand forecasts.

According to the IHS iSuppli Module Price Index, at the end of June Tier 1 Chinese suppliers were, on average, selling product at around US$0.771/Wp. Tier 2 and Tier 3 players, meanwhile, were selling at $0.726/Wp and $0.710/Wp, respectively. Furthermore, in July, the company said it expected prices to fall to €0.57 (around $0.70) by the end of the year for Chinese Tier 1 and 2 modules.

On the back of the latest figures, module prices from western suppliers are said to have fallen most markedly in July, at over 5%, while those from Tier1 Chinese players declined by almost 3%, continued IMS Research. Specifically, Sam Wilkinson, senior analyst of the company’s PV Group, told pv magazine average c-Si Chinese Tier 1 prices direct from suppliers were $0.81/Wp. "Supply of PV modules still far exceeds demand, and suppliers are continuing to engage in fierce price competition," he added.

While the month of August is expected to see a slight increase – 0.3% – in prices for industry buyers and sellers, suppliers and integrators forecast a small decrease, and distributors, a minor increase.

"PV module suppliers’ margins are already dangerously low and in some cases negative, and their ability to lower prices any further is severely limited until they can make significant improvements to their cost structures," concluded Wilkinson.

IMS Research declined to provide any concrete figures.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.