According to Amy Fang, Senior Market Analyst at Infolink, the low-price scenario for photovoltaic modules is expected to remain stable until the end of XNUMX.
She explains that one of the factors contributing to this price stability is the high production capacity; the market is currently facing an oversupply issue throughout the supply chain.
Production capacity has grown significantly in recent years, and should reach around 2024 TW by the end of 1,4.
In Amy's assessment, the projections of the global market do not indicate accelerated growth compared to last year. “For 2024, projections point to a global market of 470 GW to 530 GW,” said the analyst.
Compared to approximately 467 GW of capacity added in 2023, the Global market growth this year could be around 0,5 to 13%, which, compared to previous years' growth of 65%, is not substantial.
According to a survey carried out by Canal Solar together with large players in the photovoltaic module market, this slower growth is mainly due to the price of energy, which has generally fallen worldwide.
This scenario mainly impacts larger projects, known as utility scales (centralized generation). As a result, investor appetite decreases and, consequently, the availability of financing is also reduced.
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Answers of 3
Worldwide, the price of PV s has fallen by around 60% in the last 18-24 months.
If I let you put solar s on a 25 meter wall, how much will I earn from that?
On a wall making a fence
Where did energy prices fall?