Southern Europe multicrystalline photovoltaic module prices

Will European PV module prices drop in December 2024?

PV module prices dropped in Europe in December 2024, while the European PV sector remains optimistic about the industry’s long-term growth. These are the key takeaways from sun.store’s latest pv.index report published last week, covering pricing trends and industry sentiment in the European PV sector.

What's going on with the European photovoltaics market?

Module prices: The European photovoltaics market continues its downward trend. New concepts are making new inroads but slower than expected. Dwindling demand in Europe has kept module prices under pressure. Nearly every product across the board, regardless of origin or brand, has fallen by a couple of percentage points over last month's prices.

Where do European PV modules come from?

According to their own information several European module manufacturers are providing supplies almost exclusively to the British Isles. In the rest of Europe demand is more reserved, at least as far as conventional PV installations are concerned. However, tests of alternatives beyond state-controlled remuneration rates can be increasingly seen.

Are solar modules a 'buyer's market' in Europe?

According to sun.store, this reflects a “buyer’s market” in Europe, with the wholesaler expecting the combination of low-cost products and a high demand for solar modules to drive greater product sales in the early part of 2025.

Are European and Chinese solar panels convergent?

Space rendezvous: Prices for European and Chinese solar panels converge at the same high level for the first time. Despite sight monthly fluctuations, prices for Asian panels remain stable overall, whereas prices for European products have seen a gradual but steady decline.

Are monocrystalline panels still being imported from China?

Currently, monocrystalline panels are the only ones being imported from China anymore, because they can still command a sale price above the MIP (minimum import price). This is particularly true of pure black modules, which are only used in the small array sector.