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Global Solar Module Prices: Mixed Trends Amid Demand Fluctuations

Jan 18, 2025

A weekly OPIS report highlights varying price trends in global solar module markets:

  1. China (FOB): TOPCon module prices dropped 1.15% to $0.086/W due to soft demand and competitive offers. First-half 2025 prices stand at $0.085/W, while second-half prices fell to $0.084/W.
  2. Europe (DDP): Prices declined slightly to €0.098/W as distributors manage high inventories. Market adjustments are anticipated after Chinese New Year. Residential panel prices range from €0.100/W to €0.125/W, with regional demand varying by subsidy schemes.
  3. US (DDP): Prices for utility-scale TOPCon modules rose 0.71% to $0.284/W, with forward estimates showing slight decreases through 2026. Developers face uncertainties due to potential changes in the Inflation Reduction Act.

The solar industry is navigating inventory pressures, regional policy shifts, and demand variations.