spoMarketResearch has included the new report of GlobalData titled, ‘Renewable Energy Trade Imbalance – Will WTO Scanner Revive the Situation?’ in their compilation of solar power market reports.

In the development of solar module, solar cells account for 65-75% of the net cost. Hence any variations in the prices of solar cells will inflict a major impact on the overall cost of a module. The standard price of global PV modules was reduced to $2.01/ W in 2010 from $4.66/ W in 2004. In 2008, the average price of solar modules was increased to 2.8% since global demand surpassed supply.

In the last few years, the standard selling cost of solar modules continued its diminishing trend due to decrease in manufacturing costs and high competition. Between 2008 and 2010, the standard price of modules fell down by 5% due to the increase in cost-effective Asian developers and effect of the global economic downturn.

The arrival of new innovations and the optimization of manufacturing methods will further bring down the average module price and will also enhance the conversion performances of a solar cell. By 2015, the average solar module price is likely to attain $1.49/ W since competitors will minimize their prices to sustain or enhance their contribution in the international solar modules market.

source: azocleantech