Current price of multi-crystalline cell

Why are multicrystalline cells cheaper than monocrystalline cells?

Multicrystalline cells are cheaper to produce than monocrystalline ones because of the simpler manufacturing process required. They are, however, slightly less efficient, with typical module efficiencies around 13–15% (Price and Margolis, 2010) and high-end products up to 17% (RENI, 2010).

How much does a PV module cost in 2021?

Global PV module production increased to 242 GW in 2021 from 178.5 GW in 2020. High polysilicon prices also increased module prices. In July 2022, the average spot price was $0.256/W for a “typical monocrystalline polysilicon PV module”, according to the report.

What is the market share of crystalline silicon (c-Si) modules?

The market share of crystalline silicon (c-Si) modules was 96.6% in 2021, with monocrystalline accounting for 88.9% of those. More than 80% of PV modules used half-cut c-Si solar cells, and shingled PV module technology was also adopted.

How much does a PERC cell cost in 2022?

The spot price for monocrystalline-PERC cells ranged between $0.155/W to $0.18/W as of July 2022, depending on wafer size, an increase from the $0.12/W to $0.14/W in January 2021.The price level has reportedly been stable since November 2021, with some floatation according to demand.

How are multicrystalline cells made?

Multicrystalline cells are produced using numerous grains of monocrystalline silicon. In the manufacturing process, molten multicrystalline silicon is cast into ingots, which are subsequently cut into very thin wafers and assembled into complete cells.

What is a multicrystalline silicon cell?

Multicrystalline silicon cells. Multicrystalline cells, also known as polycrystalline cells, are produced using numerous grains of monocrystalline silicon. In the manufacturing process, molten polycrystalline silicon is cast into ingots, which are subsequently cut into very thin wafers and assembled into complete cells.