Featured in From the ground up – 04-2024

EU solar trends

The level of solar stock held by European module manufacturers has almost halved since October 2023, says InfoLink’s Alan Tu. Module prices have tumbled amid an oversupply situation and many countries are beginning to push harder toward 2030 renewable energy targets. That’s good news for installations but means a more difficult environment for the continent’s PV manufacturers to navigate.

By

pv magazine

09 Apr 2024

Some manufacturers considered expanding the module supply chain in Europe in 2023 but the number of projects in place is close to zero in 2024. | Photo: Meyer Burger

Rising freight fees have affected PV component prices in early 2024. InfoLink estimates that module prices have increased by between €0.01 ($0.01)/W and €0.05/W. Shipping prices have been rising since December 2023, by up to €0.02/W. Spot prices have also risen from €0.09/W to €0.10/W, in early 2024, up to €0.11/W to €0.13/W in March …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.