Intersolar Europe Day 1: More concerns voiced over PV module prices, project delays

While it’s clear there are big crowds and an upbeat mood at Intersolar Europe’s return, constraints are one of the big talking points – and are likely going to depress installations throughout Europe in 2021. European engineering consultancy Everoze stopped by the pv magazine booth and reported that tight supply and rising prices are holding some PV projects and causing others to be put on ice. Everoze partner Ragna Schmidt-Haupt said that some developers with whom she is working are finding that supply delays in PV modules and batteries are causing projects to be paused, and even impacting whether some PV power plants can be built at all, particularly when they have bid low prices for tenders or signed low PPAs.

“We are now discussing now whether to increase the risk in the Technical Due Diligence reports because of uncertainty of supply,” said Schmidt-Haupt. “Even for mounting structures,” added fellow Everoze partner Nicolas Chouleur  Modules prices in Europe are increasing, as they are all over the world, with Everoze confirming they are seeing prices quoted up to EUR0.25/W. “It is something we haven’t seen for a long time,” said Chouleur. “The question is whether it will return [to low prices seen in 2020].” All-in EPC project prices have returned to around EUR1/W, the Everoze team reported. This ties into the story we published this morning from pv magazine Germany, where PVO International said PV modules are currently trading at price levels last seen in 2018 and 2019.

EPC companies in Europe, in particular, are suffering, while a lack of large-scale integrated PV production on the continent is also playing a role.