JinkoSolar’s vice president Dany Qian said that the price of photovoltaic modules in the Chinese photovoltaic market has risen by 15% in the past few weeks.
She told the “Photovoltaic” magazine that some key tender results recently announced show that prices have increased by 10% to 15%, and that some upcoming tenders are also being considered for price increases. “The [Chinese] market plays a vital role as an indicator of solar photovoltaic prices because it has pushed the shortage of raw materials to the forefront.”
According to her, the reason for this round of price increases is the insufficient supply of component frames and raw materials such as polysilicon, glass, and silver, and the current production capacity cannot meet the strong demand. She also explained that the prices of raw materials such as steel and aluminum have also risen sharply recently.