Featured in Going global – 09-2022

PV prices head for a Q3 peak

Global solar demand is projected to hit 240 GW to 270 GW this year, fueled by the accelerated global energy transition. Customs figures show that China exported nearly 89 GW of cells and modules to the world in the first half of 2022. Europe dominated this demand, importing 43 GW and accounting for nearly 50% of the total. InfoLink’s Amy Fang has also observed strong growth in China’s PV market, with distributed-generation projects contributing to 30.9 GW of new installations in the first half of 2022 – a 138% increase compared to the first half of 2021.

Supply and demand imbalance has persisted in the PV value chain since 2021, keeping module prices high. In addition to high silicon costs, prices for bill of materials (BOM) components were also impacted. As of the end of June, calculations of non-silicon costs of the M10 (182 mm) wafer format among Chinese module manufacturers came …

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