Module ASP declines expected in the second half of 2018 could stimulate demand growth in 2019 and in 2020. Image: Soltec
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
The halt to utility-scale PV projects and caps on distributed generation (DG) that is expected to result in China installing 30GW to 35GW in 2018, compared to over 53GW in 2017, could result in manufacturing overcapacity that would lead to the significant ASP decline of PV modules.
BNEF does not expect the solar industry to meet last year’s record global installations of around 98GW, due to the policy changes in China. BNEF had previously forecast global PV demand in 2018 to be around 107GW.
However, the module ASP declines expected in the second half of 2018 could stimulate demand growth in 2019 and in 2020, which may slow the ASP rate of decline in 2019 to 10% to 15%, according to BNEF.
Nov 12, 2020
The webinar will feature presentations from Cherif Kedir, CEO at RETC and Finlay Colville, head of research at PV-Tech, covering the latest developments related to PV module testing, reliability and bankability. Specific attention will be afforded to RETC's hail durability testing (HDT) process, and PV-Tech's bankability analysis for utility scale deployment in the US today.
Mar 10 - Mar 12, 2021
Penang, Malaysia (also available virtually)
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.