Featured in Further upstream – 10-2024

As bankruptcy vultures circle…

The European PV industry isn’t in a good state right now, writes Martin Schachinger of pvXchange. Company insolvencies are on the rise, closely following a trend in Germany across all sectors. According to the German financial news publication Deutsche Wirtschaftsnachrichten, a sad peak was reached in the third quarter of 2024 with the highest number of bankruptcies since 2010.
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pv magazine

 In October 2024, European prices for tunnel oxide passivated contact (TOPCon) solar modules in the higher performance classes fell again – contrary to all expectations – by an average of €0.01 ($0.01)/W of panel generation output. At the same time, prices of other module classes hardly changed at all. Many suppliers are apparently still in …

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