Featured in Powering Through – 05-2025

What price module stability?

While solar manufacturers may wish for stable module prices, numerous forces continue to shape the market. Philippe Macé, chief operating officer of the Becquerel Institute, presents findings from the Belgium-based consultancy’s most recent pricing report.

By

pv magazine

02 May 2025

The global PV market showed remarkable dynamism in 2024, following an exceptional 2023. The Becquerel Institute estimates around 585 GW of solar was connected in 2024, marking 28% year-on-year growth. Asia clearly dominated, with China contributing 354 GW.Demand has nevertheless been overshadowed by massive PV production capacity increases. Fierce competition among leading Chinese manufacturers, technological rivalry, and substantial …

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