How much will PV modules cost in 2025?

On 11 March 2025, the results of the China Datang Group’s 2025-2026 PV module framework purchase tender were announced, with the spot price of n-type modules increasing from RMB0.7/W (US$0.097/W) to RMB0.73/W (US$0.1/W), and some modules priced as high as RMB0.75/W (US$0.11/W).

How much does a PV module cost in China?

According to price analysis firm InfoLink: “Since March, the spot price of n-type modules in China has soared from RMB0.7/W to RMB0.73/W. Quotes from leading manufacturers are approaching the RMB0.75/W mark.” The results of the China Datang Group’s 2025-2026 PV module framework. Image: Datang.

What is the demand for solar PV modules?

Demand and Price Trend: Solar PV module demand remains weak, primarily driven by a limited number of domestic utility-scale projects, while distributed solar PV and overseas demand are both sluggish. Among domestic utility-scale PV projects, the 720 W module format is enjoying relatively strong demand, expected to continue into mid-November.

Why are solar module prices rising in Q2 2025?

The recent surge in module prices is driven by expectations of an installation rush up to the first half of Q2 2025, following two key solar policy changes announced by the National Development and Reform Commission (NDRC).

Are PV module prices under renewed downward pressure?

Conventional module formats still face high inventory levels and muted demand, with most deals concluded at RMB 0.65–0.68/W, and shipments proving difficult. Overall, weak market demand and insufficient orders suggest that prices across the entire PV value chain may come under renewed downward pressure in the coming period.

Which region has the most solar PV inverters shipped in 2024?

The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.