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Average Solar module prices at 64 cents per watt and will be at 55 cents per watt in 2013

Thursday, November 1, 2012 2:53

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From NextBigFuture.com

Average market pricing for crystalline modules is expected to decline by another 9% in the fourth quarter, falling to $0.64/W at the end of 2012, down from $0.70 at the end of September.

All told, the decline in PV module prices afflicting the market will slow down in 2013 and then eventually stop by the second half of the year. By the fourth quarter of 2013, average crystalline module prices are forecast to reach $0.55 per watt, down 14% from the same time in 2012, compared to a bigger contraction of 32% between the fourth quarter of 2011 to 2012.

Revenues of the module industry that dropped throughout 2012 are predicted to bottom out in the first quarter of next year. From then on a recovery is expected. In Q4 2013 global module revenues are forecast to again surpass the mark of $7 billion. This is still significantly less than in the boom year 2010, when quarterly module revenues exceeded $10 billion in Q3 and Q4.