Will EU-made solar modules be more expensive than Chinese imports?

A report by SolarPower Europe and Fraunhofer ISE finds EU-made solar modules cost €0.103 ($0.12)/W more than Chinese imports, but targeted policies could close the gap and help reach the EU’s 30 GW annual manufacturing target by 2030.

Can the cost gap between European-made and Chinese-imported solar be reduced?

The report says the cost gap between European-made and Chinese-imported solar can be reduced to below 10% with the right mix of policies, including combining Capex and Opex schemes under output-based support schemes.

How much does a solar module cost in Europe?

Producing a solar module in Europe with EU-made solar cells costs around €0.103 ($0.12)/W more than producing the same module in China, according to a new report.

How are container freight China to Europe Mediterranean price developments calculated?

The price developments of Container freight China to Europe Mediterranean are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Container freight China to Europe Mediterranean price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

How much does a solar system cost?

As a result, utility-scale solar installations based on EU-made solar cells cost around €0.608/W compared to €0.50/W for an equivalent Chinese system, translating into a levelized cost of electricity (LCOE) that is 14.5% higher for European-made modules.

Can solar power be built along the solar value chain?

The report says that, technically speaking, it is realistic that this production capacity could be built along the solar value chain by the end of the decade. The benchmark figure would account for between 30% and 50% of the EU’s solar market and around 2% to 3% of the global solar market.