{"id":9713,"date":"2020-11-08T11:00:00","date_gmt":"2020-11-08T17:00:00","guid":{"rendered":"https:\/\/zewsdemo.com\/avolta\/?p=9713"},"modified":"2023-03-22T11:22:23","modified_gmt":"2023-03-22T17:22:23","slug":"solar-pv-prices-looking-up","status":"publish","type":"post","link":"https:\/\/www.avoltaenergy.com\/en\/solar-pv-prices-looking-up\/","title":{"rendered":"Solar PV Prices Looking Up: A Biden Win+Glass Shortage"},"content":{"rendered":"\r\n
We recently wrote about solar PV prices and how a Biden win could be bullish for solar panel prices next year<\/a>. Why? The extra demand that would come from a Green New Deal-type stimulus. While it looks like Joe Biden will be the next US President, the Republicans controlling the Senate – at least for now<\/a> – means any kind of big Green New Deal may be off the table.<\/p>\r\n\r\n\r\n\r\n Solar PV prices still look set to rise. Very strong Chinese PV demand is already causing solar-grade glass shortages which will take some time to resolve.<\/p>\r\n\r\n\r\n\r\n After a wild start to the year, with the COVID-19 pandemic impacting the entire solar supply chain, demand for PV modules has exploded. For example, China alone is expected to install as much as 29 GW in the second half of 2020. This is due partly because of delays earlier in the year and now looming grid connection deadlines.<\/p>\r\n\r\n\r\n\r\n Indeed, the 2nd biggest solar park in the world, a 2.2-GW capacity solar park in the northwest province of Qinghai<\/a> is but one example. Completed in October 2020, it ranks as the second-largest in the world.<\/p>\r\n\r\n\r\n\r\n All this domestic demand for solar PV has outpaced the PV glass suppliers’ capacity.<\/p>\r\n\r\n\r\n\r\n The average selling price (ASP) of solar-grade 3.2 mm glass in China jumped from 26 yuan\/square meter in June to 41 yuan\/square meter in October. Case in point, prices as high as 48 yuan\/square meter being reported<\/a>.<\/p>\r\n\r\n\r\n\r\n So serious are the solar grade glass shortages that major module manufacturers in China have put out a joint statement calling on the Chinese government to help. The suppliers describe the current as, \u201cout of control\u201d. Canadian Solar, Risen Energy, JA Solar, JinkoSolar, LONGi, and Trina Solar, and others have issued a list of potential remedies for the Communist Party of China to consider as it puts together its 14th\u00a0Five-Year Plan, due to be unveiled early next year.<\/p>\r\n\r\n\r\n\r\n Consequently, in their letter the six major module manufacturers write:<\/p>\r\n\r\n\r\n\r\n The total supply of modules is insufficient, and PV module companies have already experienced large-scale delivery delays<\/p>\r\nJoint statement issued to the Communist Party of China by Canadian Solar, Risen Energy, JA Solar, JinkoSolar, LONGi, Trina Solar, as well as others<\/cite><\/blockquote>\r\n\r\n\r\n\r\n As a result, the stock prices of PV glass manufacturers have surged in the last few months. Prices for glass that coats photovoltaic panels have risen 71% since July and manufacturers are struggling to produce it fast enough to keep more than a week\u2019s worth of sales in inventory, according to Daiwa Capital Markets.<\/a><\/p>\r\n\r\n\r\n\r\n Share Price of Flat Glass Group in Hong Kong<\/strong><\/p>\r\n\r\n\r\n\r\nChinese PV Demand Finishing 2020 Very Strong<\/h3>\r\n\r\n\r\n\r\n
Solar Grade Glass In China Is Hard To Find<\/h3>\r\n\r\n\r\n\r\n
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