Investor Presentaiton
3-SOLAR PV CAPEX
Solar PV CAPEX evolution and 2023 estimates
Tier 1 Module capacities (GW)
2021
2022
2023F
2020
2021
2022
EUR
Price W
Cost per MW
Modules
0.25
250,000
Price W
0.25
Cost per MW
250,000
Price W
0.235
Cost per MW
235,000
Longi
24
45
65
Jinko
19
30
50
Trackers
0.1
100,000
0.085
85,000
0.080
80,000
JA Solar
15
30
42.5
Trina Solar
15
35
36
Inverters
0.042
42,000
0.05
50,000
0.055
55,000
Canadian Solar
11.3
20
27.9
Risen Energy
10
20
24.6
Cable
0.043
43,000
0.040
40,000
0.05
50,000
Q Cell
6.5
8
12.4
First Solar
5.7
6.7
8.8
Logistics
0.06
60,000
0.014
14,000
0.014
14,000
GCL-SI
3.5
5
15
Civil works
0.027
27,000
0.030
30,000
0.036
36,000
Rest
44
44
88
154
244
370
Others BoP
0.013
13,000
0.013
13,000
0.020
20,000
140% ā
Total new Solar PV Installed capacity (GW)
Total
0.535
535,000
0.519
519,000
0.490
490,000
IEA forecast
135
183
228
Exchange rate
1.21
1.00
1.07
2022
ā¢
Cost of containers reverting to pre-covid.
.
Cost of modules for 2023 are being negotiated below current prices.
Inflationary Reduction Act reduces restriction over Chinesse suppliers, increasing
sales capabilities for 2023-2024
1
Company estimate and data from Bloomberg.
More polysilicon for panels
Forecast production of polysilicon (mill. of tons).
3
2
1
0
2021
2022
Grenergy
renovables
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