pv Europe’s Post

June #PVindex: Demand Remains Strong While Prices Drop Significantly 📉   Despite a slight slowdown in PV installations across Europe, demand remains robust as indicated by the PV Purchasing Managers' Index (PMI). The #PMI stands at 68, reflecting a strong market confidence with 51% of respondents planning to increase their purchases in July.   Key Highlights: 💰 Price drops across all categories by 5-8% With increasing transactions on sun.store, we now offer a detailed breakdown for monofacial (N-type and P-type) and bifacial (N-type) modules 💬 Agata Krawiec-Rokita, CEO & Co-founder of #sunstore, commented: "The price declines, especially in full black modules, are driven by persistent overstock and intense competition. Despite these challenges, the market remains resilient, and we look forward to seeing how upcoming regulatory changes in September will impact the market" 🔗  With over 11,000 registered users and more than 5GW of equipment available, sun.store continues to lead as the largest solar marketplace in Europe 🔍 The pv.index tracks average transactional prices on sun.store, while the PV PMI measures the overall demand outlook in the PV industry, reflecting feedback based on a survey by 400+ sun.store buyers.   For detailed insights, visit our blog: https://lnkd.in/dvS9CmKu or read about it at: pv Europe: https://lnkd.in/d7V5MFNc pv magazine Global: https://lnkd.in/df8eMQMj

The pace of #PVinstallations across Europe is now beginning to slow slightly. This trend is reflected in the PV Purchasing Managers' Index (PMI), which returned to April’s levels in June after a rise in May. The June reading stands at 68, down from 72 in May. Additionally, there has been a significant decline in solar panel prices across all categories according to the latest pv.index of sun.store

Following a robust start to the year, the pace of PV installations across Europe continues to stabilize with minor fluctuations. The PV Purchasing Managers' Index (PMI) for May of #sunstore shows a reading of 72, a slight increase from 68 in April, indicating a positive shift in market sentiment. Despite a moderate demand outlook, #solarpanelprices have seen a notable decline across various categories.

Finally! A pan-European #module #price #benchmark, based on actual transactional data from a single, reliable source 📈 And the first proper #PMI index for the #solar industry to boot. Now, this was only possible with the emergence of sun.store. The marketplace has already 5,000+ registered users from 30+ countries who are negotiating offers for 3 GW+ of available components representing 100+ manufacturing brands, ready for delivery from 100+ warehouses across Europe. That's a lot of big numbers - but this is exactly why pv.index is so unique 🦄. There is just no other source that has daily access to detailed transactional data across so many countries, product categories and brands. Now, as with most other indices, pv.index is meant to represent broader trends. In particular, it should not be applied as a reference point to any single transaction. Do we at Menlo Electric buy & sell at prices different than pv.index? Yes, all the time. And we will continue to do so. There will always be differences in demand and supply of particular brands, power classes, cell technologies - and so, differences in prices. But do we recognize the trends highlighted in pv.index in our own data? Hell yeah. The sudden drop in prices for large-bulk purchases of monofacial modules at the end of 2023 - manufacturers and distributors scrambling to clear their warehouses of the surplus stock by year's end. The back-to-normal pricing in January, with prices sustained by the Red Sea crisis. Bifacial pricing lagging behind monofacial pricing, as C&I and utility projects have longer gestation period than residential. It's all there. So, I recommend catching up with the fresh commentary on pv.index and PV PMI - link in the comments ⤵ #data #research #pv #energytransition

Our pv.index has received a warm reception. We’re very glad that top magazines in the sector - pv Europe and pv magazine Global, has not only published data details but also expert insights, including Agata Krawiec-Rokita – sun.store CEO & Co-founder of sun.store. 💭 “What is surprising to some is the return to the overall downward price trend in February. Many market participants were linking the low prices in Q4 2023 mostly with gigawatts of surplus module stocks in European warehouses. Hence, they hoped for the prices to recover to a EUR 0.16-0.18 range once those stocks clear. However, the current pricing is rather the product of significant manufacturing overcapacity in China – which means it will be more persistent.” What are the trends regarding the price of PV modules? 📈 Are installers planning to increase or decrease their equipment purchases next month? 📉 Check full insights here: https://lnkd.in/dFV_6C6F And another edition of pv.index is coming soon. PV Europe: https://lnkd.in/dg2c2uKC PV Magazine: https://lnkd.in/d8JufPbQ Other text: https://lnkd.in/dCbVnM66 #sunstore #pvindex #pveurope

Growing global inventories of consistently more powerful PV panels e.g. China and Europe is about to move solar from global utility to being a strategic factor in the ending centuries of autocratic fossil fuel and munitions industry influence. Put every existing PV panel and other renewable energy harvesting infrastructure in to service ASAP. Installation of enough renewable energy infrastructure will result in peace and prosperity. The two real issues are 1. The United States sells more fossil fuel, and munitions to other countries then any other country in the entire world and e.g. an adjustment in asset allocation in Berkshire Hathaway's portfolio is imperative. Global asset allocation is a larger determinate of peace, war, housing and public health than politics. 2. The only way to achieve a happy life that includes peace and prosperity for everybody is to help our historic enemies achieve sustainability, and resiliency with us. This means the people and financial interests in Russia with its best in the world forests the USA, and Iran with the wonders of it's long history must all enjoy greater prosperity. The world's emotionally exhausted, strongman leadership will find their exit from the historic triumvirates that include fossil fuel and munitions and require their anguish and awful behavior. Fossil fuel-free powered AI will expand the cognitive capacity for everybody to understand that politics merrily reflect economics and accordingly that peace and prosperity has now become a technologically possible asset allocation decision. #transition #energytransition

🌞📉 Little movement in low-performance #SolarModules prices this month, but significant adjustment for >22% efficiency models! Prices for n-type/TOPCon and double-glass modules are aligning with mainstream, while IBC and HJT tech remain outliers. Production volumes in China are up, but new US customs rules might impact the European market. Disruptive factors and larger stocks of older, less desirable modules are affecting sales. Even with reduced production, Asian modules flood Europe, increasing inventories and price pressure. Strategies like offering credit lines and online marketplace sales are emerging, but their long-term success is uncertain. #RenewableEnergy #SolarPower #GreenTech #SustainableFuture #EnergyNews 📈🔋 Read the full article here: https: https://lnkd.in/gFFPdZBz

The global Semiconductor Components Cleaning Chemicals market was valued at US$ 1448 million in 2023 and is anticipated to reach US$ 1991.2 million by 2030 witnessing a CAGR of 4.6% during the forecast period 20242030. Global top 3 manufacturers hold a share over 25%. AsiaPacifc is the largest market with a share about 62% followed by Europe and North America both have a share about 35 percent. In terms of product Acid Cleaning Chemicals is the largest segment with a share over 84%. #SemiconductorCleaning #MarketResearch #ElectronicsIndustry #AcidCleaningChemicals #AlkalineCleaningChemicals #SemiconductorIndustry #SolarSiliconWafers #FlatPanelDisplay #MarketOutlook #GlobalMarket

🚗🔋 Exciting insights from our latest report on the Lead Acid Battery Market! In 2023, the market was valued at USD 58.91 billion and is expected to grow at a CAGR of 5.2%, reaching USD 92.97 billion by 2032. Discover the trends, growth factors, and segment forecasts driving this market. Explore detailed analysis by product type, application, sales channels, and region. Stay ahead with our in-depth market insights! 🔗 https://lnkd.in/dKUJy5t2 Leading Lead Acid Battery Market Companies Furukawa Electric LatAm Co., Ltd Zhejiang Narada Power Source Co., Ltd Clarios Leoch International Technology Ltd Yokohama Batteries Sdn. Bhd EnerSys Exide Industries Limited GS Yuasa HOPPECKE Batteries Batterien GmbH & Co. KG Crown Battery Corporation C&D Technologies, Inc. East Penn Manufacturing Co. Chaowei Power Holdings Ltd B. B. Battery Co., Ltd Camel Group Co.,Ltd. (International) Sacred Sun Power Sources Co., Ltd.. #LeadAcidBattery #BatteryMarket #MarketAnalysis #Sustainability #TechTrends #BeyondMarketInsights #EnergyStorage #IndustryGrowth #MarketResearch

In non-China markets, module prices have stabilized for the moment. India has seen increasing stockpiling activities in the first quarter, given the ALMM taking effect in the second quarter. For India-made modules, prices are temporarily stable. With its product cycle approaching the end, 182mm PERC modules saw an upward trend in short-term demand. Given this, faster inventory depletion in Europe, and shipping risks, some manufacturers planned to adjust prices after the holiday. #solar #solarpanels #solarpanelsprice #solarenergy #solarpv #solarpower https://lnkd.in/g4HvvFfJ