iSuppli: PV component price declines set to continue with polysilicon declining 56.3% in 2010
Polysilicon, wafers and solar module prices all declined severely in 2009, according to a new report from iSuppli. On average, crystalline module prices dropped 37.8%, solar wafer prices fell by 50%, and polysilicon prices declined by 80%. The market research firm expects further price declines in 2010, though not at the steep levels seen last year. In 2010, iSuppli is forecasting price declines for crystalline modules of 20%, solar wafers to decline by 18.2%, and polysilicon prices falling by a further 56.3%. Falling prices is now set in stone for the PV industry, which will benefit from becoming increasing competitive with other renewable energy forms, according to iSuppli.