EnergyBin has launched its annual PV module value index, which reveals that module costs have fallen from their peak in 2022 – however they’ll nonetheless be costlier than in 2020.
From pv journal USA
EnergyBin, an internet site for promoting photo voltaic {hardware}, has launched its second annual PV Module Worth Index for the Secondary Photo voltaic Market. The index tracks the costs of latest and used photo voltaic modules listed on the market.
EnergyBin doesn’t take commissions on module gross sales or observe precise closing gross sales, so its numbers solely observe listed costs, moderately than precise gross sales. The group lists photo voltaic elements from greater than 500 corporations registered on their web site. From January 2020 to December 2022, it listed 3.6 million modules with a complete capability of 1.35 GW.
Since January 2020, EnergyBin photo voltaic module costs have elevated in all classes. Costs rose till January 2022, held close to that peak for about six months, after which continued to say no all year long.
Photo voltaic module pricing has not returned to the lows seen in 2020 and early 2021. And as a consequence of rising demand, US import challenges, and polysilicon shortages, module costs are mirroring these seen general. -the market in 2021 and 2022.
Beginning in 2021 polysilicon shortages as a consequence of manufacturing unit fires, then boosted by massive development, polysilicon costs elevated by greater than 200%. This broke a decade lengthy decline within the value of photo voltaic modules. Among the many many advances throughout that point, the efficient value per watt of polysilicon fell by 96%. Later in 2022, per the decline in EnergyBin costs, we started to see polysilicon costs fall, earlier than bottoming out in January. It’s projected that we’ll see additional reduction in photo voltaic panel costs, because of the widespread enhance within the business sooner or later.
EnergyBin discovered that the variety of obtainable modules tends to extend within the first and fourth quarters of the 12 months, and reduce within the second and third quarters. BayWa re, GoodFaith Vitality, and Inovateus Photo voltaic are among the EnergyBin customers listed on the web site.
In 2022, used photo voltaic panels symbolize roughly 9% of all modules listed on the EnergyBin web site, and costs fluctuate from $0.095/W to $0.197/W. EnergyBin noticed that at one level within the 12 months, one venture contributed 27.5 MW of used modules, rising the share of used photo voltaic modules on the web site from 4% to 9%.
EnergyBin says used modules value 50% to 80% of what new merchandise would value. Among the main photo voltaic distributors and re-distributors will be discovered on the web site, with native shops stocking smaller portions.
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