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Earlier in May, American electric car maker Tesla Motors Inc. made a splash in the energy sector when it revealed a new type of lithium battery packs for home and enterprise applications. Tesla touted its new line of energy storage systems, known as Power Wall, would fundamentally change the way the world uses energy and get the world’s consumption of power down to zero carbon levels.
The latest photovoltaic (PV) price update by EnergyTrend, a division of TrendForce, shows the downstream sector of the industry has been seeing brisk orders since the start of June. Stock up demands for this month also starts to pick up following this turnaround.
On May 29, the European Commission (EC), the executive body of the European Union (EU) released a list of the Taiwanese and Malaysian photovoltaic (PV) manufacturers that are being investigated for helping Chinese PV manufacturers to circumvent PV cell and module tariffs. This list contains approximately 80 companies between the two countries.
China’s domestic PV demand continues to rise in May. Hence, the leading PV companies are now expanding their businesses into the downstream sector, focusing on PV system in particular. This in turn drives the capacity expansion efforts along the entire supply chain, according to EnergyTrend, a division of TrendForce.
The slow recovery of the global PV market continues into the second quarter. Jason Huang, research manager for EnergyTrend, a division of TrendForce, said the market on the whole is showing positive signs even though prices along the supply chain were falling at the end of the first quarter. Demands for system installation was not substantial during that period, resulting in the general price decline.