The environment was upbeat on the current Intersolar Europe commerce present and The smarter E Europe occasion in Munich, Germany, regardless of excessive lodge costs as a result of ongoing UEFA soccer championship. Most of the halls are nicely attended. Exhibitors appeared to benefit from the commerce honest, however soccer was all over the place, with matches enjoying on displays at each stand. Events are additionally scheduled across the Germany vs. Hungary match.

However, below the constructive state of affairs there are various challenges for the PV trade. Demand has not but returned this 12 months – a actuality mirrored within the decline in set up numbers in Germany. Module costs, particularly for passivated emitter and rear cell (PERC) and tunnel oxide passivated contact (TOPCon) applied sciences, have barely decreased, reflecting a seamless supply-demand imbalance.

Despite the efforts, there’s an oversupply of modules flooding the European market, together with the most recent designs. Analysts attributed this to Chinese merchandise dealing with pricing challenges in some markets, whereas Asian markets struggled with low promoting costs, aiming to clear extra stock. Several giant producers might scale up growth, with smaller gamers anticipated to enter the market quickly.

The markets for inverters and storage programs face related challenges, with a flood of Asian producers dominating the sector in The Smarter E. Commercial and industrial options (C&I) are outstanding, highlighting the potential to satisfy vitality wants with tailor-made storage options. Manufacturers provide intensive help, together with seminars and promotional campaigns, to advertise market adoption.

The outlook stays constructive, with anticipated market development within the second half of the 12 months, fueled by supportive insurance policies comparable to Germany’s “Solarpacket 1” measures.

Prices for June 2024, together with modifications from final month (as of June 24).

Image: pvXchange

About the writer: Martin Schachinger studied electrical engineering and has been lively within the discipline of photovoltaics and renewable vitality for nearly 30 years. In 2004, he based the on-line buying and selling platform. The firm shares customary elements for brand new installations and discontinued photo voltaic modules and inverters.

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