2nd PV Module Price Index by EnergyBin reveals opportunities for PV module repair and resale
At present EnergyBin introduced the discharge of their second annual (2022) PV Module Worth Index for Secondary Photo voltaic Market report. The PV module worth index tracks the wholesale worth and provide of crystalline-silicon modules that fall from conventional distribution channels, and consequently are listed for resale on the EnergyBin change.
As a B2B wholesale photo voltaic tools change comprised of 500+ member corporations, EnergyBin facilitates the connection of photo voltaic corporations trying to purchase and promote PV {hardware}. Though the transactions didn’t happen on the EnergyBin platform, the gross sales lists documented greater than 3.6 million modules (or 1.35 gigawatts) posted on the positioning from January 2020 to December 2022.
“Portions on the market per itemizing vary from single modules to lot sizes of over 15,000 models,” mentioned Renee Kuehl, COO of EnergyBin. “There are a number of explanation why modules and different PV {hardware} circulation into the secondary market. Product flows from clearance, surplus, and miscellaneous one-offs, asset liquidation from firm acquisitions and chapter, undertaking leftovers, modules from canceled or downsized tasks, and used and refurbished modules.
Used, or secondhand modules symbolize 9% of EnergyBin gross sales listings in 2022, up from 4% in 2021. The most important lot totaled 90,000 models (or 27.5 megawatts). Used costs vary from 50-80% lower than new. The upward provide development factors to an rising variety of decommissioning tasks, the place offline modules are nonetheless obtainable. Because the variety of decommissioned modules will increase, so do alternatives for restore, remarketing, and asset restoration.
Relating to the brand new modules offered on the EnergyBin change, the costs of all c-Si module lessons (All Black, Bifacial, Excessive Effectivity, Mainstream, and Low Value) have elevated in 2022. Nevertheless, the modifications in share from January 2020 to December 2022 is barely from 0.2%-4.2% for many sorts of modules. The exception was the All Black modules, which noticed a rise of 17.9%. As well as, December Bifacial and Excessive Effectivity costs are working at EU spot costs by $0.43/Wp.
For the second yr, the report’s findings make clear the significance of a robust and sustainable secondary photo voltaic market to reduce waste and maximize asset restoration. As well as, such a market will assist the final adoption of photo voltaic as an affordable supply of power, particularly if the {hardware} could be obtained at under common costs within the nation. On the EnergyBin change, for instance, in 2022, All Black modules listed as little as $0.333/Wp, Bifacial as little as $0.360/Wp, Excessive Effectivity as little as $0.28/Wp, and Mainstream as little as $0.200/Wp .
“With the fast progress of the worldwide photo voltaic business, the secondary market can even proceed to develop,” Kuehl mentioned. “Improvement results in new alternatives. Within the secondary market area, we see these alternatives showing within the areas of resale, reuse and restore, remanufacturing , and recycling, in addition to the value-added companies that complement these enterprise capabilities. are needed elements of a sustainable round economic system.”
To obtain the complete worth index report, go to https://sources.energybin.com/pv-module-price-index-2022.
