Price of photovoltaic panels for sale in photovoltaic power stations

According to price analysis firm InfoLink: “Since March, the spot price of n-type modules in China has soared from RMB0.7/W to RMB0.73/W. Quotes from leading manufacturers are approaching the RMB0.75/W mark.” The results of the China Datang Group's 2025-2026 PV module framework. Image: Datang.

On 11 March 2025, the results of the China Datang Group's 2025-2026 PV module framework purchase tender were announced, with the spot price of n-type modules increasing from RMB0.7/W (US$0.097/W) to RMB0.73/W (US$0.1/W), and some modules priced as high as RMB0.75/W (US$0.11/W).

The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.

Taiwanese research institute EnergyTrend has reported that solar module prices in China are on a “consistent uptrend.” Its latest report said tunnel oxide passivated contact (TOPCon) module prices “rebounded sharply” and were widely quoted between CNY 0.70 ($0.097)/W and CNY 0.75/W, reinforcing “bullish” market sentiment.

Polysilicon manufacturers have been signing new orders, with more producers raising price quotes as downstream demand improves, said EnergyTrend. The mainstream settled price for monocrystalline recharge polysilicon reached CNY 41/kg, compared to CNY 40/kg for monocrystalline dense polysilicon and CNY 38/kg for n-type polysilicon.

The goal is simple: to map out PV manufacturing out to 2030 and beyond. Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).