Photo voltaic product trade EnergyBin simply launched its second annual “PV Module Price Index for the Secondary Solar Market” report, which tracks the wholesale pricing and provide of crystalline silicon modules listed for resale on the EnergyBin trade.
As a B2B wholesale photo voltaic gear trade comprised of 500+ member corporations, EnergyBin facilitates the connection of photo voltaic corporations trying to purchase and promote PV {hardware}. Though transactions don’t happen on the EnergyBin platform, gross sales listings documented greater than 3.6 million modules (or 1.35 GW) posted to the location from January 2020 by way of December 2022.
“Portions on the market per itemizing ranged from single modules to lot sizes of over 15,000 items,” stated Renee Kuehl, COO at EnergyBin. “There are a variety of explanation why modules and different PV {hardware} stream into the secondary market. Product flows from clearance, surplus, and miscellaneous one-offs, asset liquidations from firm acquisitions and bankruptcies, undertaking leftovers, modules from cancelled or downsized tasks, and used and refurbished modules as nicely. A lot of the modules — 91% — are new, however the share of used modules has elevated over time, which provides rise to new alternatives for restore and resale.”
Used, or secondhand, modules represented 9% of gross sales listings on EnergyBin in 2022, up from 4% in 2021. The most important lot totaled 90,000 items (or 27.5 MW). Used costs ranged from 50-80% lower than new. The upward pattern in provide factors to a rising variety of decommissioning tasks, the place modules coming offline nonetheless have viable performance. As the amount of decommissioned modules will increase, so too will the alternatives for restore, remarketing, and asset restoration.
Relating to new modules on the market on the EnergyBin trade, costs for all c-Si module courses (all-black, bifacial, high-efficiency, mainstream and low-cost) elevated in 2022. Nonetheless, share adjustments from January 2020 by way of December 2022 had been minimal starting from 0.2-4.2% for many module courses. The exception was all-black modules, which noticed a rise of 17.9%. Moreover, bifacial and high-efficiency costs in December had been pacing with European spot costs at $0.43/Wp.
The highest model on the market in 2021 was Sunergy, after the corporate liquidated its California manufacturing facility.
For the second yr, the report findings make clear the significance of a sturdy and sustainable secondary photo voltaic market to attenuate waste and maximize asset restoration. Additional, such a market helps with the general adoption of photo voltaic as an inexpensive power supply, significantly when {hardware} might be sourced beneath nationwide worth averages. On the EnergyBin trade, for instance, in 2022, all-black modules listed as little as $0.333/Wp, bifacial as little as $0.360/Wp, high-efficiency as little as $0.28/Wp, and mainstream as little as $0.200/Wp.
“With the speedy progress of the worldwide photo voltaic trade, the secondary market can even proceed to develop,” famous Kuehl. “Development results in new alternatives. Within the secondary market house, we’ll see these alternatives manifest within the areas of resale, reuse and restore, remanufacturing, and recycling, in addition to value-added providers that complement these enterprise capabilities. All are obligatory elements of a sustainable round economic system.”
Discover the complete report here.
Information merchandise from EnergyBin
