Only a few days after the Chinese government announced its significant cancellation of solar PV support on May 31st, Bloomberg New Energy Finance Corporation released a report predicting that global PV module prices will drop by 34% this year, and it is estimated that monocrystalline silicon components will be reached by the end of the year. The price will be $ 0.24 per watt. The report also predicts the 'market panic' in the short term.
According to data provided by PVInsights and EnergyTrend, these two conditions will begin to take effect in just a few weeks.
On Wednesday, PVInsights lowered the average estimated price for standard polysilicon PV modules to US$0.278 per watt, the average price of polycrystalline PERC modules was US$0.337 per watt, and the single-crystal PERC module was US$0.363 per watt. The rate of decline was 0.3% compared to the previous week. -2.1%, where standard polycrystalline products have the largest drop.
Taiwan's EnergyTrend also reduced the average price per watt by 0.295-0.367 US dollars, depending on the type of components, and dropped by as much as 12.5%. Similarly, standard polycrystalline products have the largest decline.
In Europe, PVXchange's Martin Schachinger also reported the price of the crash. He pointed out in an article that the human factors caused by US and European market regulations resulted in the lack of cheap components, and that after the price stagnation, the excess supply of components would not be available. Avoid falling prices.
At present, due to the impact of the 201 case and anti-dumping and countervailing duties on solar cells and components in Taiwan and China, the price in the United States is higher, but it is also declining. Leni John, head of purchasing at StandSolar Solar, estimates that U.S. module prices fell last month. For 5-10%, polycrystalline products have a greater decline than single crystal products. This is consistent with BNEF's previous forecast.
As is the case in the past, expectations of future price declines may cause developers and EPCs to hold money, thus postponing project development.
