pv.index: ‘slight uptick’ in European module prices expected for December, says sun.store

Facebook
Twitter
LinkedIn
Reddit
Email
Chart showing monthly prices of solar panels in Europe
Prices for all solar panels – monofacial, bifacial and full black – have dipped below €0.1/Wp in Europe. Chart: sun.store.

As the price of solar panels continue its downward trend in November, module prices are expected to see a “slight uptick” in December, according to the latest pv.index report.

Released by solar wholesaler sun.store, the pv.index report for November reported prices that have remained relatively consistent since May, with the prices for all modules below €0.1/Wp (US$0.105).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“The downward pricing trend persisted in November, with all segments hitting new lows – some module offers even nearing €0.05/Wp. Distributors continue their stock liquidation strategies, driven by end-of-year warehouse clearance efforts,” said Krzysztof Rejek, head of business development at sun.store.

“Looking ahead to December, we anticipate a slight uptick in prices due to China’s limited production capacity and a reduction in export tax rebates for modules. However, the availability of discounted stock from distressed distributors is likely to keep the overall average prices at competitive levels,” added Rejek.

The biggest drop between October and November was for n-type bifacial modules, which decreased by 10% from €0.103/Wp to €0.093/Wp. The decline was driven by intensified competition and surplus stock. Other modules have had a price drop between 2% for monofacial p-type modules and 9% for full black modules, which sit now at €0.09/Wp, as shown in the chart above.

Inverter prices, which were introduced in October, have seen both ups and downs in hybrid inverters, depending on the capacity, while on-grid ones have all declined.

Prices for hybrid inverters with a capacity of less than 15kW has increased in a monthly basis by 7% to €127.18/kW due to a growth in demand for advanced residential solutions. This could be a positive outcome for the inverter market, as several inverter manufacturers have faced lower revenue and shipments in 2024 (Premium access) and struggled with the ‘challenging’ residential PV market.

Hybrid inverter systems of less than 15kW have been the only inverters with a price increase in November 2024. Chart: sun.store.

Resilience in the European solar market

Another metric covered by sun.store is called the PV Purchasing Managers’ Index (PMI), which gauges the intentions of the platform’s registered users. In November, the PMI remained stable at 68, similar to the previous month.

Although this could show some resilience in the demand-side, it also reflects seasonality transitions and broader economic uncertainties, according to sun.store.

Filip Kierzkowski, head of partnerships and trading, said: “This steady PMI demonstrates the resilience of the European solar market, even as we enter the traditionally slower months. It’s encouraging to see consistent interest in high-quality components, despite external challenges.”

For the final month of the year, purchasing intentions are on par with November as 51% of the respondents said they plan to increase purchases – up from 50% last month – while 35% plan to maintain the current buying levels and only 14% to reduce their orders.

2 December 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

September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.
September 8, 2025
France has awarded 971MW of ground-mount solar capacity, to 165 projects, in the eighth round of the PPE2 PV tender.
September 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines