European photovoltaic export panel prices

Executive summary – Solar PV Global Supply Chains

High commodity prices and supply chain bottlenecks led to an increase of around 20% in solar panel prices over the last year. These challenges have resulted in delays in solar panel deliveries across the globe. Globally, policies to support

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About European photovoltaic export panel prices

Price trend for solar modules by month from October 2023 to October 2024 per category (the prices shown reflect the average offer prices for duty paid goods on the European spot market):.

A solar stockpile is a relatively cheap tool for addressing import concern risks. A rough estimate is that the costs of storing 20 GW solar panels would be from €400 million to €550 million annually 25 . That is around 10 percent of the total value of the panels at current prices (around €4 billion).

The EU import values of solar panels and liquid biofuels in 2023 were much higher than the corresponding EU export values which were €0.9 billion for solar panels and €2.2 billion for liquid biofuels. By contrast, the EU export value of wind turbines in 2023 (€2.0 billion) was much higher than the corresponding value for imports. Figure 1 .

EUPD Research’s forecast for the installed PV capacity in 2024 ranges from 65-75 GW (depending on the scenarios). Now assuming [6] that towards the end of 2023 China’s PV export to the EU will reach 100 GW by the end of 2023 and taking the normal warehouse flow into account, the solar PV module excess inventory for 2023 will be considerable .

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6 FAQs about [European photovoltaic export panel prices]

How many solar panels did China Export to the EU?

These figures should have been treated with “caution,” Hoehner and Arfa said. The duo said that according to their calculations based on “several data points including module export weights” China exported around 66 GW of solar panels to the EU at the end of August.

Are European solar panels made in China?

The European solar revolution is, and will continue to be, predominantly ‘made in China’ This European solar revolution is, and will continue to be, predominantly ‘made in China’. In 2022, over 95 percent of Europe’s solar panels came from China 3 , which has established itself as the global hub for solar PV manufacturing (IEA, 2023).

What are China's solar PV exports?

In 2021, the value of China’s solar PV exports was over USD 30 billion, almost 7% of China’s trade surplus over the last five years. In addition, Chinese investments in Malaysia and Viet Nam also made these countries major exporters of PV products, accounting for around 10% and 5% respectively of their trade surpluses since 2017.

Are Chinese solar panels worth more than European solar panels?

In 2012, the European Commission initiated a major investigation and determined that the appropriate value of a Chinese solar panel sold in Europe ought to be 88 percent higher than its then selling price 9 .

Will the EU install a lot of PV in 2024?

Sen continues that as the EU is poised to install approximately 70 GW of PV capacity in 2024 it becomes evident that a chunk of next year’s PV installations will already exist within European warehouses at the onset of the new year.

Will foreign competition affect solar panel prices?

First, given that European producers are currently highly uncompetitive compared to their Chinese counterparts, any policy that limits the ability of foreign competition will increase solar panel prices. The effect is likely to be slower solar PV deployment and slower decarbonisation.