>New figures provided to pv magazine by Rystad Energy reveal that the amount of unsold panels in European warehouses may have more then doubled between mid-July and the end of August, and that it may reach 100 GW by the end of the year. Analyst Marius Mordal Bakke explained that PERC modules bought and stored by a European distributor for $0.23/W in March are now facing an average spot price of $0.16/W today, which could very likely be $0.15/W next month.
For some perspective on how much this is, Germany spent the last 20 years installing PV, and they only have around 70 GW. And they were paying like 10x per watt for the panels.
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>New figures provided to pv magazine by Rystad Energy reveal that the amount of unsold panels in European warehouses may have more then doubled between mid-July and the end of August, and that it may reach 100 GW by the end of the year. Analyst Marius Mordal Bakke explained that PERC modules bought and stored by a European distributor for $0.23/W in March are now facing an average spot price of $0.16/W today, which could very likely be $0.15/W next month.
For some perspective on how much this is, Germany spent the last 20 years installing PV, and they only have around 70 GW. And they were paying like 10x per watt for the panels.