PV prices in Europe and America are soaring in the first half of 2022

With the energy crisis triggered by the Russia-Ukraine conflict and coupled with increased global inflation in the first half of 2022, energy price soars. In the solar field, upstream polysilicon soars continuously to a 10-year high, triggering price increases across the industry chain. And downstream solar prices continue to soar, with solar prices rising particularly in Europe and the United States.

As the continent's energy crisis continues and inflation soars, power purchase agreement prices (PPA) in Europe rose 47% year-on-year in the first half. The P25 index of solar offers rose 19.1% in the Q2 to €59.43/MWh, nearly €10 higher than in the Q1 of 2022.

The U.S. region is also in a tough situation, with the total price of U.S. wind and solar contracts (i.e., power purchase agreements (PPA)) rising sharply by 29.7% year-over-year in the H1 of the year and U.S. solar prices soaring more than 8.1% in the Q2.