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Solar Modular Prices Fall Amid Oversupply

POWER

Solar modular prices are declining, with battery and inverters reaching historically low prices amid an oversupply, PV Magazine said.

  • This is due to Chinese products facing pricing challenges and Asian markets struggling with low sales prices trying to clear excess inventory.
  • Many major manufacturers are expected to scale back expansion, leading to potential exits from the market by smaller players soon.
  • But the outlook is positive with expected market growth in 2H 2024, supported by "Solarpacket 1" measures in Germany.

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