The second annual (2022) PV Module Price Index for the Secondary Solar Market report is now accessible by way of EnergyBin. The PV module worth index tracks wholesale pricing and provide of crystalline-silicon modules which have fallen out of conventional distribution channels, and because of this are listed for resale on the EnergyBin change.
As a B2B wholesale photo voltaic gear change comprised of 500+ member firms, EnergyBin facilitates the connection of photo voltaic firms seeking 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 gigawatts) posted to the location from January 2020 by means of December 2022.
“Portions on the market per itemizing ranged from single modules to lot sizes of over 15,000 models,” says Renee Kuehl, COO at EnergyBin. “There are a variety of the reason why modules and different PV {hardware} circulate into the secondary market. Product flows from clearance, surplus, and miscellaneous one-offs, asset liquidations from firm acquisitions and bankruptcies, challenge leftovers, modules from cancelled or downsized tasks, and used and refurbished modules as nicely. Many of the modules – 91% – are new, however the share of used modules has elevated through the years, which supplies 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 models (or 27.5 megawatts). 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.
Concerning new modules on the market on the EnergyBin change, costs for all c-Si module lessons (All Black, Bifacial, Excessive Effectivity, Mainstream, and Low Price) elevated in 2022. Nonetheless, proportion modifications from January 2020 by means of December 2022 have been minimal starting from 0.2%-4.2% for many module lessons. The exception was All Black modules, which noticed a rise of 17.9%. Moreover, Bifacial and Excessive Effectivity costs in December have been pacing with EU spot costs at $0.43/Wp.
For the second 12 months, the report findings make clear the significance of a sturdy and sustainable secondary photo voltaic market to reduce waste and maximize asset restoration. Such a market helps with the general adoption of photo voltaic when {hardware} may be sourced beneath nationwide worth averages.
On the EnergyBin change, for instance, in 2022:
- All Black modules listed as little as $0.333/Wp,
- Bifacial as little as $0.360/Wp,
- Excessive Effectivity 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 may also proceed to develop,” notes Kuehl. “Progress 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 companies that complement these enterprise features. All are essential elements of a sustainable round economic system.”
Download the Index for yourself right here.
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