14 Dec, 23

Plunging Solar Module Production Costs Give China Huge Advantage

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China’s costs for producing solar modules have plummeted by 42% over the past year, which gives Chinese manufacturers a huge cost advantage over the U.S. and European solar equipment producers, Wood Mackenzie said in a report on Thursday. In the past 12 months, Chinese solar production costs have fallen to US$0.15 per watt, which suggests that the United States and Europe can’t compete with the Asian manufacturing powerhouse currently, according to the report from the energy consultancy. “As the world’s solar module powerhouse,…

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