Oversupply pushed prices of finished solar panels in China down 42% in 2023, making Chinese panels more than 60% cheaper than U.S.-made equipment, with some module-only manufacturers taking...
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Strong state support and huge private investment have made China''s solar industry a global powerhouse, but it faces new headwinds, from punitive tariffs abroad to a brutal price war at home.
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However, forecasts for deployment this decade suggest that more than half of this manufacturing capacity will lie unused, with neither government targets nor project pipelines running at a commensurate scale. Solar panel prices are accordingly at a historic low of about US$ 0.10 per watt, having virtually halved during 2023.
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A worker conducts quality-check of a solar module product at a factory of a monocrystalline silicon solar equipment manufacturer LONGi Green Technology Co in China December 10, 2019.
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In solar, China''s increased manufacturing capacity has sent prices tumbling. Wood Mackenzie''s new monthly PV Pulse note puts the price of modules in China at just 11 US cents a watt, down about 40% over the past year. Solar panels are now so cheap, they are being used to make garden fences in Germany and the Netherlands.
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