Oversupply pushed prices of finished solar panels in China down 42% in 2023, making Chinese panels more than 60% cheaper than U.S.-made equipment, with some module-only manufacturers taking orders at negative margins to preserve market share, said Wood Mackenzie analyst Huaiyan Sun.
At the end of 2023, China's annual production capacity for finished solar modules was 861 gigawatts (GW) equivalent according to China Photovoltaic Industry Association data, more than double global module installations of 390 GW.
China accounts for 80% of solar module production capacity after years of subsidies, driving oversupply that has triggered a collapse in global prices and provoked import duties from trading partners to stave off being swamped by low-cost equipment.
Pent-up demand from what one source calls “all-time high” procurement, with China’s National Energy Administration approving a third batch of Gigawatt-base power projects, means falling prices could find a floor. According to the China Photovoltaic Industry Association, the country is set to install up to 120 GW of solar power in 2023.
According to the China Photovoltaic Industry Association, the country is set to install up to 120 GW of solar power in 2023. But manufacturers should have big module inventories accumulating, noted another source, which if unleashed on the market may suggest more downslides on the horizon.
China is expected to more than triple energy storage installations this year, in part because of improving economics thanks to the increasing difference in peak-valley prices, according to BloombergNEF. That’s a boon to China’s battery firms, of which Contemporary Amperex Technology Co. Ltd. is the largest.
China module prices are dropping rapidly, with opening bids for some recent domestic projects all lower than CNY1.5/W, noted multiple sources. Downstream demand is …
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Oversupply pushed prices of finished solar panels in China down 42% in 2023, making Chinese panels more than 60% cheaper than U.S.-made equipment, with some …
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China is changing its power system in ways that reduce payments to solar providers while making energy storage more profitable, as it seeks to digest an unprecedented …
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China is changing its power system in ways that reduce payments to solar providers while making energy storage more profitable, as it seeks to digest an unprecedented boom in new solar panels...
The Chinese Module Marker (CMM), the OPIS benchmark assessment for TOPCon modules from China and mono PERC module prices held steady at $0.115 per W …
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China module prices are dropping rapidly, with opening bids for some recent domestic projects all lower than CNY1.5/W, noted multiple sources. Downstream demand is huge, with 48.31 GW installed...
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The Chinese Module Marker (CMM), the OPIS benchmark assessment for TOPCon modules from China and mono PERC module prices held steady at $0.115 per W and $0.105/W, respectively.
Oversupply pushed prices of finished solar panels in China down 42% in 2023, making Chinese panels more than 60% cheaper than U.S.-made equipment, with some module-only manufacturers...