Latest prices for TOPCon solar panels and Global top 8 brands solar panel shipments

Since the second half of 2022, many leading companies have joined the TOPCon camp and begun to expand their production capacity. Expansion plans extend all the way to 2026.

However, in the first quarter of this year, overcapacity has already impacted the entire industry.

Companies like Jinko believe that industry overcapacity is a normal phenomenon and will not affect advanced production capacity. The demand growth rate for the photovoltaic industry from 2024 to 2026 is expected to remain around 30%.

Many institutions indicate that TOPCON belongs to transitional technology in the industry, the construction of production lines and the process of scaling production are not complex, taking 6 months at the fastest . Moreover, due to the strong market demand in the earlier stages, including Longi, which mainly adopts BC technology, have already set up TOPCON production lines, and most leading companies have corresponding layouts. Therefore, it is evident that TOPCON modules are no longer scarce.

Currently, the production capacity and shipment volume of all enterprises are substantial,  the average transaction price has basically dropped to below CNY1 per watt.

See the table below for specific information:

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