Strong PV end-market demand pushing product pricing higher – EnergyTrend

Facebook
Twitter
LinkedIn
Reddit
Email

Taiwan-based market research firm EnergyTrend, a division of TrendForce expects prices for polysilicon, wafers, cells and modules to steadily increase through the second half of the year as downstream demand in China, US, Japan and India remains strong. 

EnergyTrend said that not only were China-based tier-1 PV module manufacturers running at full-capacity but many tier 2 producers were also in the same position, driven by expectations that China could exceed the government targets of over nearly 18GW this year. 

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

Polysilicon pricing has so far been dampened due to overcapacity and the imposition of anti-dumping duties on primarily US polysilicon producers.

However, key Chinese producers such as GCL-Poly and Daqo New Energy are scrambling to add capacity. However, EnergyTrend expects a rebound in ASPs over the next few months from US$13.5/kg to US$14/kg on average, currently. 

Demand is also helping ASP recovery in wafers and cells. 

Taiwanese cell manufacturers were said to have been able to keep ASPs at around US$0.32/W, due to higher efficiency rates, which were said be around 17.8%. 

Taiwanese cell ASPs are expected to rise to the US$0.325/W level, while the Chinese cells will be approaching to the range of RMB2.25~2.3/W.

However, PERC-based cell demand was said to be weak at the moment due to low volume production and processes yet to be dialled-in before efficiency rates become stable. 

Read Next

December 3, 2024
Robert Klein, who previously ran the company's Brazilian business, will assume the role from 1st January, 2025.
December 3, 2024
Matrix Renewables has secured financing for its 210MW Stillhouse Solar project, to be built in Bell County of the US state of Texas.
December 3, 2024
Tata Power Renewable Energy, the developer subsidiary of Tata Power, has commissioned a 431MW solar PV plant in Madhya Pradesh, India.
December 3, 2024
The Australian Energy Market Operator (AEMO) has said that the National Electricity Market (NEM) must introduce a new ‘emergency backstop’ mechanism to manage the impact rooftop solar PV can have on grid stability.
December 2, 2024
French independent power producer (IPP) TSE has secured €65 million (US$68 million) bond financing from asset management firm Eiffel Investment Group for a 800MW agrivoltaics portfolio.
Premium
December 2, 2024
Pioneering projects in China are demonstrating how the potential of solar power can be harnessed across a wide range of new settings. Carrie Xiao explores the many applications for PV beyond traditional power plants.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 3, 2024
8.30am GMT / 9.30am CET
Solar Media Events, Upcoming Webinars
December 12, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK