The PV supply chain has experienced several rounds of price increases since 2020. Polysilicon prices, in particular, hit a record high at the end of May this year, reaching RMB 200-220/kg. Consequently, module spot prices surged to as high as RMB 1.8/W. However, severe shortage across the supply chain is projected to ease, as grid-parity projects are allowed to postpone until next year, according to the notice issued by China’s National Energy Administration. Against this backdrop, we will first discuss supply and demand and price movements post SENC, the largest solar PV power expo taking place in Shanghai.
Then, we will look at the solar technology. This year saw quite a few manufacturers gearing up for n-type technology, although the developments will depend on whether leading manufacturers can implement TOPCon and HJT projects smoothly. After collecting information from the SNEC, we will provide updates on the PV technology trends.
Finally, we will delve into the energy storage market. With the world shifting toward energy transition and climate policies being promoted across the globe, energy storage provides solutions to help strengthen and stabilize the grid. Driven by growing electric vehicle market, MW-scale lithium-ion battery becomes the best option for energy storage systems. Our analyst will offer analysis of the market outlook and economic benefits.