Deutsche Bank: Momentum continues in US solar market


Against the background of continuing improvements in the global demand and supply environment, Deutsche Bank (DB) is predicting ongoing growth in the U.S. market, driving by “very strong” market fundamentals.

A research note by DB's Vishal Shah obtained by pv magazine reports that industry participants expect both the U.S. residential and commercial markets to grow more than 30% year-over-year in 2015, despite relative slowness in the third quarter of 2014.

The note does not mention impacts from the pending decline of the Investment Tax Credit at the end of 2016, but it does confirm very low prices for utility-scale solar. According to DB, power purchase agreements are being signed at “no higher than” US$0.069 per kWh, and some are as low as 4-5 cents.

DB also reports that PV module prices remain stable at $0.72 per watt in the United States. The company expects a “modest” increase in these prices in 2015, in part due to fewer available Chinese modules in this market.

Popular content

And while the manufacturing picture in the United States is improving, the nation is still not a first choice. DB notes that some companies are exploring the United States as a potential location for module capacity expansions, but “most indicated that Asian countries were more likely sites”.

Perhaps the most interesting new for the United States in the research note is at the end. DB suggests that U.S. President Barack Obama's November trip to China could yield a minimum price agreement to replace tariffs on Chinese modules, similar to the deal reached between the EU and China.

For now that remains a rumor, if a compelling one.

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:


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Your email address will not be published.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.