Manufacturers warn about price increases for solar equipment

Four of the main manufacturers in the solar energy market released, this week, a joint letter to explain the reasons that led to the constant increases in the prices of photovoltaic systems throughout the global production chain.

According to the companies Jinko, Risen, Longi, Trina and JA Solar, the main points that explain the increases are: explosion at a silicon factory in ChinThe, the mismatch created between the supply and demand of raw materials during the pandemic, in addition to the increase in the prices of basic inputs for manufacturing solar energy generating panels.

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Among inputs, the increase in polysilicon is the most worrying, as it is 277% more expensive compared to the same period last year. This week, the value of the material has reached its highest level, being quoted at 260 RMB/kg. 

Due to these increases, manufacturers listed considerations considered important for the photovoltaic market. Among them, the scarcity of raw materials and the strong demand for components downstream led to a crisis in module programming and shipment, which affected deliveries from China to other countries. 

The companies also advised distributors of photovoltaic equipment to carry out planning aimed at balancing product supply and demand, avoiding delays in the delivery of goods. 

Image: SolarWorld.