News

Recently, some analysts predicted that by the end of 2024, solar module prices may drop to $0.10 per watt, making solar one of the cheapest sources of electricity. This news has attracted wide attention from the solar industry, and also brought opportunities and challenges to solar enterprises.

Reasons and impacts of price drop

According to pv magazine, the reasons for the price drop of solar modules include technological progress, scale effects, supply chain optimization and policy support. Among them, technological progress is the most important factor, including the development of new cell technologies such as monocrystalline silicon, PERC, HJT, TOPCon, and the application of new module technologies such as bifacial, half-cut, multi-busbar.

The price drop will promote the large-scale deployment of solar, especially in emerging markets and distributed power generation fields. According to the International Energy Agency (IEA), by 2030, solar will become the largest source of electricity in the world, accounting for 28%. At the same time, the price drop will also bring some challenges to the solar industry, such as ensuring quality, improving efficiency, reducing costs and coping with market competition.

SpolarPV company’s response strategy and product introduction

Facing the trend of price drop, SpolarPV company actively responds to challenges, adheres to technological innovation as the core, customer demand as the orientation, quality as the guarantee, efficiency as the goal, continuously improves product performance and reduces product costs, and provides customers with high-efficiency and low-cost solar solutions.

SpolarPV company’s main product is the 625w topcon solar panel, which uses high-efficiency N-type monocrystalline silicon cells and bifacial power generation technology, with the following advantages:

1. High efficiency: The conversion efficiency of the 625w topcon solar panel is up to 23.5%, much higher than the ordinary modules on the market, which can generate more electricity in the same area.
2. Low attenuation: The attenuation rate of the 625w topcon solar panel is less than 0.5%/year, much lower than the ordinary modules on the market, which can maintain high power generation performance in long-term operation.
3. Low temperature sensitivity: The temperature coefficient of the 625w topcon solar panel is less than -0.3%/℃, much lower than the ordinary modules on the market, which can reduce power loss in high temperature environment.
4. Bifacial power generation: The back of the 625w topcon solar panel can also absorb reflected and scattered light, achieving bifacial power generation, which can increase the power generation by 10%-30% in the same area.

SpolarPV company’s 625w topcon solar panel has passed the certification and testing of international authorities, such as IEC, TUV, UL, CE, etc., proving its high quality and reliability. SpolarPV company’s 625w topcon solar panel has been widely used in various scenarios such as rooftop, ground, floating, etc., creating significant economic and environmental benefits for customers.

For detailed information and product parameters of SpolarPV company’s 625w topcon solar panel, please click here.

SpolarPV company is a professional solar module manufacturer, committed to providing high-efficiency and low-cost solar solutions for global customers. SpolarPV company has advanced production equipment and quality control system, as well as professional R&D team and service team, which can meet the various needs and expectations of customers. SpolarPV company’s vision is to become the leader of the solar industry, and contribute to the sustainable development of mankind.

If you have any questions or needs about SpolarPV company’s products or services, please feel free to contact us, we will serve you wholeheartedly. Thank you!