Hello fellow solar enthusiasts! Today, I want to bring your attention to the latest developments in the solar industry, particularly those centered around pricing trends in the global photovoltaic (PV) industry.
If you’re in the market for solar panels for your home or perhaps looking to invest in a solar array for home use, these trends are crucial pieces of information. After all, understanding the industry’s inner workings can provide you with a clearer view of its future direction, which in turn can guide your personal decisions related to solar.
This week, Free-on-Board (FOB) China prices for solar wafers remained unvarying. This included prices for the popular Mono PERC M10 and n-type M10 wafers, which cost approximately $0.141 and 0.139/pc respectively. Likewise, Mono PERC G12 and nN-type G12 wafer prices stayed static at roughly $0.209 and $0.205/pc, demonstrating a stable market scenario.
With various whispers about potential increases in n-type M10 wafer prices due to changes in China’s domestic wafer production lines, you may be wondering if this would affect the cost of installing a solar array for your home. However, until now, actual transaction prices have remained steady, indicating that potential increases have only been observed in select cases.
Interestingly, the prices of n-type 210mm wafer sets, all have softened in recent weeks, since the industry has seen a shift in solar production from the 182mm to the 210mm sets. As market demand for a specific size grows, it leads to an inventory increase and a consequent decrease in prices – a pattern we find in the case of the 210mm wafer set.
If you’re considering dealing with solar companies, it’s worth noting that many in China are operating at a rate of 50% or lower. This could potentially impact supply chains, and in turn, the timeline for your solar panel installation.
Moreover, a major Chinese solar company recently announced plans to establish a 20 GW ingot and wafering capacity in Saudi Arabia, with completion aimed for 2026. This strategic move targets future profitability from high U.S. module prices, indicating potential shifts in the global solar market.
As we continue to explore this still-emerging terrain together, rest assured that I will keep you abreast of all the latest developments in the solar world. By doing so, I aim to empower you with the knowledge necessary to make informed decisions, whether you’re considering investing in solar energy or simply passionate about this game-changing mother earth-saving industry.
Until our next rendezvous, keep your eyes on the sun and your hopes high! Solar energy is not just a trend but a forward-moving, continuous force that promises a bright, sustainable future for all.
Original Articlehttps://pv-magazine-usa.com/2024/07/26/wafer-prices-near-bottom-size-evolution-and-capacity-globalization-continue/
