pv.index: n-type module prices continue to fall in Europe

Facebook
Twitter
LinkedIn
Reddit
Email
Prices declined “due to ongoing overstock issues across Europe and fierce competition among manufacturers”, said sun.store CEO. Image: sun.store

The price of n-type solar modules has continued to decline in Europe thanks to oversupply and “fierce competition” amongst manufacturers, according to the latest pv.index report.

Released by solar wholesaler sun.store, the pv.index report for July showed that the average price of monofacial n-type solar modules in Europe fell 13% over the month, from €0.128/Wp to €0.113/Wp. Bifacial n-type modules also dropped by 11% to €0.121/Wp and full black module prices fell by 6%, to €0.116/Wp.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Agata Krawiec-Rokita, CEO & co-founder of sun.store, attributed this to global manufacturing trends: “In July, we have witnessed a continuation of the trend where prices are declining, particularly in the n-type and full black modules. This is largely due to ongoing overstock issues across Europe and fierce competition among manufacturers to clear out inventories.”

The only modules to increase in price were p-type products, which increased by 11% on average from €0.103/Wp to €0.114/Wp. Sun.store said this was due to “a surge in demand for specific p-type models,” which are likely to soon be discontinued.

Indeed, the solar manufacturing industry is generally shifting from p- to n-type products. The most recent iteration of the International Technology Roadmap for Photovoltaics (ITRPV) predicted that n-type tunnel oxide passivated contact (TOPCon) modules would occupy over 50% of market share up to 2034.

The pv.index report is based on sun.store’s trading data, which it says is the “biggest” online trading platform for solar components.

Buyer confidence stays level

Sun.store also released its PV PMI (PV Purchasing Managers’ Index), a scheme to gauge market demand and confidence. The system runs on points to measure buyer’s plans, whereby numbers above 50 represent projected growth, 50 show steady growth, and below 50 show a projected decline.

July saw a rating of 68, the same as June though down slightly from 72 in May. Sun.store said that this score remains “robust”.

In July, 50% of respondents plan to increase their purchases, 37% intend to maintain their current purchase levels, and only 13% expect to decrease their orders. These percentages are very similar to those reported in June.

The monthly PMI score has fluctuated between 73 (in February) and 68 so far this year.

Krawiec-Rokita said: “The seasonal slowdown due to summer vacations has also contributed to a reduction in installation activities. Despite these factors, market sentiment remains positive, as evidenced by our stable PMI score. We are closely monitoring the situation and anticipate that the upcoming months, especially with expected regulatory changes in September, will bring new dynamics to the market. The resilience of the industry continues to be a key highlight, and we are optimistic about future developments.”

3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
25 November 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

March 19, 2025
The US$334 million will support the construction of the 200MW Branch and the 50MW Genesee Solar projects in Michigan.
March 19, 2025
Meta has signed offtake deals for various utility-scale PV projects, many of which are in Texas, where it has relocated some operations.
March 18, 2025
Under the “multi-year” corporate PPA, Prysmian will purchase power from a 150MWp solar PV plant in the Viterbo province in central Italy.
March 18, 2025
The company signed a 25-year power purchase agreement with Egypt Aluminium for a 1.1GW/200MWh solar-plus-storage project in the country.
March 17, 2025
CIP said it expected the CI V fund to add up to 30GW of renewable energy generation and storage assets to global energy grids.
Premium
March 14, 2025
China's latest tender results show the spot price of n-type modules increasing from RMB0.7/W to as much as RMB0.75/W.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 25, 2025
Lisbon, Portugal
Solar Media Events
March 26, 2025
Renaissance Dallas Addison Hotel, Dallas, Texas
Media Partners, Solar Media Events
April 23, 2025
Fortaleza, Brazil
Solar Media Events
April 29, 2025
Dallas, Texas
Media Partners, Solar Media Events
May 7, 2025
Munich, Germany