Featured in Lighting the way – 05-2024

Price collapse protects China’s lead

With solar module oversupply triggering a price freefall in 2023 and no recovery in sight, market consolidation, inventory pile-up, technology shifts, and challenges to reshoring PV manufacturing are set to affect all levels of the solar supply chain.

By

pv magazine

10 May 2024

It is becoming increasingly difficult and expensive to build PV manufacturing facilities in the European Union and the United States. | Photo: PI Berlin

The solar manufacturing industry will consolidate in 2024, after oversupply and falling material costs drove a downstream price war in the second half of 2023. Smaller, tier-2 and tier-3 manufacturers with below-cost module prices will continue to face negative margins. Tier-1 Chinese manufacturers have also been affected by the crash in average selling prices and …

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.