Analysts at Taiwan-based EnergyTrend and China’s PV Infolink have reported a further increase in demand for monocrystalline solar cells and modules in recent days. Their respective analyses on multi-crystalline products, however, do not match.
According to the Gold Member Solar Report by EnergyTrend (Q3 2018), monocrystalline module prices have fallen almost 20% this year, while those for polycrystalline modules have dropped by more than 25%. Increased consolidation among manufacturers and developers is expected to occur in China and the global solar market, with more merger deals, plans for capacity reductions and even factory closures.
The Chinese-Canadian module manufacturer says its P4-based BiHiKu panel, for large commercial and utility-scale solar projects, is able to provide up to 30 per cent additional output from the rear side.
The final order from the U.S. Trade Representative includes an interim tariff rate of 10% set to start on September 24.
According to the Taiwanese analysts, the solar PV module market is still stable. However, EnergyTrend expects a new price war to erupt with the end of minimum import tariffs (MIPs). In particular, Taiwanese manufacturers will have to cope with increasing price pressure.
While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.
Rumor has it industry lobbying has persuaded the government to agree to 300-500 MW of distributed PV in each of the populous nation’s 34 local government areas, with a reduction in “non-technical costs” making up for a lack of guaranteed payment.
According to PV Info Link, the price for monocrystalline cells in China fell below that of the usually cheaper multicrystalline products. However analysts expect it to be a blip, with multi prices expected to fall and mono to be supported by the Top Runner Program, now China’s main source of demand for the rest of 2018.
Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned US$3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.
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