660GW of solar PV capacity will be deployed in 2024 as market demand responds to sustained low module prices, according to polysilicon market researcher Bernreuter Research.
Solar module demand increased in Europe in May, according to data from solar wholesaler sun.store, as buyers’ confidence rose and the price of bifacial modules fell.
Silicon-based tandem solar cells and modules are expected to enter commercial production in 2027 with a module efficiency of 27%, according to the latest International Technology Roadmap for Photovoltaic (ITRPV) published by German engineering association VDMA.
Solar manufacturing giant LONGi has withdrawn from a public procurement process for a Romanian solar project after the European Commission (EC) launched an investigation into possible “market distortion”.
An increase in solar module prices is “hard to imagine unless there is a massive shortage in supply”, according to PV Tech head of research Finlay Colville.
Price of polysilicon decreased this week both for p-type and n-type materials with the former dropping below the historic low of US$6.75/kg reached in June 2020.
While India’s solar market is still heavily weighted on the lowest possible costs, the price difference between monocrystalline and polycrystalline PV module technologies is beginning to fade. PV Tech caught up with major module suppliers at the REI Expo in Greater Noida, India, to discuss the future of Mono in this heavyweight global market.
