Featured in 2025 Unboxed – 02-2025

New year, same old overcapacity

China’s photovoltaic market looks set to continue its battle with overcapacity in 2025. It will do so with a slew of untested industry initiatives and a redoubling of overseas expansion efforts, despite protectionist barriers springing up.

By

pv magazine

07 Feb 2025

Oversupply of polysilicon will be a major challenge in early 2025, according to OPIS. | Photo: RCT Solutions

The global PV market faced an unprecedented downturn in 2024 as overcapacity in China, the world’s solar manufacturing hub, drove prices below production costs across the supply chain. The Chinese Module Marker (CMM) benchmark used by OPIS to track tunnel oxide passivated contact (TOPCon) solar module prices closed 2024 at $0.087 per watt of module generation capacity. …

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