Solar modules now selling for less than €0.06/W in Europe
Search4Solar, a European platform for buying and selling solar panels, inverters, and batteries, received a record-low PV module price this week at €0.055 ($0.058)/W.
“This is the first time the €0.06/W threshold was surpassed,” Leen Van Bellen, business development manager Europe at Search4Solar told pv magazine. “This is a significant opportunity for businesses and installers looking to invest in sustainable energy. For our customers, this means they can now purchase high-quality solar panels at the lowest price ever and achieve their sustainability goals with reduced costs.”
Van Bellen said recent price drops have shifted from small, gradual steps to larger reductions.
“We see suppliers eager to reduce their stock, which has led to extremely competitive pricing. The one who lowers the prices first creates an impulse to buy, which puts you ahead of the rest,” he stated. “This means, however, that manufacturers have to go down even lower to become competitive again. When stock will be drastically reduced, there will again be a better balance between offer and demand.”
Search4Solar said several factors – including high production rates, improved supply chain efficiency, and rising market competition – have driven this price drop. Suppliers have responded by lowering prices to meet demand and balance their inventory.
Surpassing the €0.06/W threshold may indicate that solar module prices in the European market have hit their lowest point.
“This is the bottom in the EU,” Van Bellen said. “The next step could be shipping back the products to China or selling them in Africa.”
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This is good news. Many people make decisions only based on cost rather than is this product good for the environment or bad for the environment. When generating electricity by solar is cheaper than any other method than why would you choose the dirty methods and even pay more to do it ?
Now there is one more good reason to move to solar and ditch the burning of fossil fuels.
The general public don’t buy panels installers do. This is good news for installers and general public, not so good for producers.
When speaking of Watt pricing it means nothing to the General Public. The average Solar Panel is 400 watts. If on multiplies 400 x €0.055 the price per panel is €22 per panel.
For the public. 1,000 watts in 1 kilogram. 1,000 Kg In M kilograms
The title is sensational. The article talks about a special case for a long time, but in the end it is found that the average price is about 0.1eur/w. I can only say that the quality of news media needs to be improved.