Evolution of the price of polysilicon in 2022

Between November and December, for example, the cost fell by 53%, points out Greener
Greener's report shows the evolution of the price of polysilicon over the past year. Photo: Reproduction

According to Greener Strategic Distributed Generation Study, in January to August 2022, O price of polysilicon maintained the upward trend, valuing around 26%.

Come in now November and December last year, the consultancy pointed out that the cost fell by 53%, reaching a value of US$ 17/kg in early 2023.

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“The entry into operation of new polysilicon factories in 2022 has increased the production capacity of the input, expanding supply and influencing the fall in price”, highlighted the research.

Commodity prices, however, showed an increase in February after the sharp drop in the fourth quarter of 2022. “Despite the start of strong volatility, different experts point to a trend for module prices to be lower on average than in 2022”.

Gráfico: Greener, 2023
Graphic: Greener, 2023

Steel price

After a sequence of falls, Greener reported that the price of steel rose again from November last year, however in January 2023 it remained below January 2022.

The increase occurred mainly due to greater demand for industrial inputs from the world's main economies. “The cost of steel impacts the manufacturing value of fixing structures, especially for ground-based photovoltaic plants”, they highlighted.

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According to Greener, the fixing structures are basically composed of aluminum or steel to guarantee the material's flexibility and longer useful life.

“Although aluminum is produced in Brazil, its price composition is based on dollar and London Metal Exchange (LME) quotations, which can directly impact the final cost of the structures”, they explained.

Installation devices include cabling, system protection, conversion devices, as well as inputs such as copper, aluminum, polymers and steel.

Gráfico: Greener, 2023
Graphic: Greener, 2023
Picture of Mateus Badra
Matthew Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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