Solar module prices for international markets are expected to fall in tandem with forecasted polysilicon price reductions as of 2023, according to research from Clean Energy Associates (CEA).
The quality assurance and supply chain management firm revealed that while module pricing this year remains constant due to higher-than-expected European purchase volumes and limited polysilicon supplies, pricing will drop as of 2023.
In its PV Price Forecasting Report (Q2 – 2022), CEA recommends only procuring modules around two to three quarters from delivery as the current market environment will impact future long-term orders.
In the US, module prices increased significantly from the firm’s previous forecast due to the threat of an anti-dumping and countervailing duty (AD/CVD) extension to several Southeast Asian countries.
While President Joe Biden declared a two-year freeze on new tariffs on solar imports from Southeast Asia, CEA noted that capacities remain at risk of future rates, which has impacted many suppliers’ Southeast Asian expansion plans and reduced the outlook for cell and module expansion in the region.