China’s Solar Module Production Costs Plunge 42% in 2023

Wood Mackenzie acknowledges costs may remain high in other sectors

December 21, 2023

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Production costs of solar modules saw a 42% drop in China over the past year, settling at $0.15 per watt, providing Chinese manufacturers with a substantial cost advantage over their international counterparts.

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Gautamee Hazarika

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China’s Solar Module Production Costs Plunge 42% in 2023

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