Hello, solar enthusiasts!
It’s another beautiful day to explore everything solar. Today, I’m going to throw some light on the current industry events and trends that are shaping up solar companies around the globe, particularly leading into the second half of 2021.
A recent visit to the Intersolar Europe trade show and The smarter E Europe event in Munich, Germany, revealed a dynamic solar industry landscape. The vibe was absolutely electric, with busy halls and contented exhibitors, yet something beyond the buzz of football matches captured my attention – the price dynamics of solar panels and photovoltaic (PV) modules.
Solar enthusiasts like us can agree on one thing – the demand for solar panels for your home or a solar array for home installation hasn’t seen a swift rebound this year. This is clearly mirrored by the lagging installation figures in places like Germany, known for their adoption of renewable energy sources.
Yes, PV module prices, particularly those using passivated emitter and rear cell (PERC) and tunnel oxide passivated contact (TOPCon) technologies, have seen a slight ebb, pointing to a supply-demand imbalance. This trend isn’t just restricted to Germany, but is rather a global industry phenomenon that solar companies are contending with.
Economic realities are leading to a fascinating market situation, where there’s an overflow of solar modules swirling into the European market. This glut includes not just average modules, but also those featuring cutting-edge designs and technologies. The source? A surge in Chinese products facing pricing hurdles in certain markets, compounded by Asian markets struggling to sell off excess inventory due to lowered sale prices.
But amidst these changes, don’t let your solar dreams dim, my friends. On the inverter and storage system side, things are also evolving. The commercial and industrial (C&I) solutions stood out during The Smarter E, emphasizing the potential of tailored storage solutions in meeting our energy needs.
Manufacturers aren’t just standing by and watching. They are offering exclusive support, pushing seminars, and running promotional campaigns, all with an aim to boost the adoption of solar. An understanding of these market dynamics aren’t just crucial for solar companies, but also for individuals seeking to use solar panels for their homes.
As we forge ahead into the second half of this year, let’s do so with optimism. Optimism bolstered by supportive policies like the “Solarpacket 1” measures in Germany, poised to facilitate market growth.
Remember, no matter the market conditions, the sun will always rise. And as it does, the scenario for installing solar panels for your homes and solar arrays for home use will only continue getting better. Stay tuned for more updates on the solar company scenario, and as always, keep harnessing the power of the sun!
Original Articlehttps://pv-magazine-usa.com/2024/07/02/pv-market-eyes-recovery-amid-falling-module-prices/
