Solar cell prices plunge to all-time low
Solar cell prices plunge to all-time low
In a new weekly update for <b>pv magazine</b>, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
The prices of cells have decreased for the fourth week in a row, according to OPIS data. Due to the acute lack of downstream demand, cell makers have been engaged in a price war; they have to compete to cut prices in order to encourage demand and increase sales volume, according to a cell manufacturer.
So is this good or bad? Lower prices are always better imo, but it's concerning that there isn't enough demand to match the supply.
It could be related to low demand across the global economy. For example, car manufacturers are slowing down, and electricity prices here in Sweden are near an all time low. A positive take would be that electricity usage is just down at the moment.
Probably a touch bad. Solar is dropping because in key markets (California, EU) house prices are too high, and adding solar is being deprioritized. Plus some saturation in the market among enthusiasts.
That said, maybe the price drop will encourage some more adoption.
Again? I love to hear it.