Global Photovoltaic Industry Update – 2025 Q1
May 26, 2025 · 📈 Rising Module Prices: Since February 2025, PV module prices have increased to 0.71–0.78 RMB/W, with potential for further increases due
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6 Frequently Asked Questions about “Photovoltaic module exports in the first quarter of 2025”
How many GW of PV modules were shipped in Q1 2025?
Regarding shipments, in Q1 of 2025, the four PV giants cumulatively shipped over 65GW of modules. Each company's shipments reached or exceeded 15GW, significantly outperforming other module companies and firmly establishing their positions as the top four global PV module suppliers.
How many solar modules did China ship in Q1 2025?
Each of the four top Chinese solar manufacturers shipped at least 15GW of modules in Q1 2025. Image: JinkoSolar. Four leading Chinese PV companies, JinkoSolar, LONGi Green, JA Solar and Trina Solar, recently released their financial reports for Q1 of 2025, all with a decrease in their revenue.
How are future photovoltaic modules priced?
Based on these market scenarios, future prices for photovol-taic modules were estimated using the “photovoltaic learn-ing curve,” which builds on the historic experience that with each duplication in the total number of modules produced, the price per module fell by roughly 20 percent.
How did Trina Solar perform in Q1 2025?
During the earnings conference, Trina Solar stated that its PV module shipments exceeded 15GW in Q1 2025. The company has formulated its overall sales strategy for 2025, which entails maintaining a leading position in all major markets without aggressively seeking absolute market share dominance.
Why did PV prices remain low during the reporting period?
JinkoSolar stated that during the reporting period, prices across the main supply chain of the PV industry remained low. This was compounded by demand fluctuations resulted from changes in overseas trade policies, which exerted pressure on the profit margins at all levels of the integrated industry chain.
How did JA Solar perform in Q1 2025?
JA Solar reported in its Q1 2025 financial results that the company achieved an operating revenue of RMB10.672 billion, representing a year-on-year decrease of 33.18%. Its net loss attributable to shareholders was RMB1.638 billion.