After a period of downturn, the PV industry has recently seen a dramatic reversal. At the beginning of the year, many PV companies were still struggling with the price of their products below the cost line, but after the year, the price of PV modules soared like a wild horse.

自2月份，多家行业龙头企业宣布提价以来，光伏组件价格迅速突破0.7元/瓦大关。根据InfoLink的最新数据，3月份，主流分布式组件现货价格已涨至0.8元/瓦，与2024年底的低点相比，反弹幅度超过33%。其中，隆基绿能的Hi-MOX10防积灰组件报价更是高达0.85-0.9元/瓦，创下了近两年来的新高。

3月20日，InfoLink发布的周价格评析指出，分布式组件价格涨幅较大，且交付量显著增加。TOPCon组件的执行价格在0.68-0.8元/瓦之间，均价约为0.73元/瓦。HJT组件价格则在0.76-0.85元/瓦之间，而集中项目的执行价格则在0.76-0.78元/瓦之间。N-TBC组件的价格也维持在0.73-0.82元/瓦之间，集中项目价格约为0.73-0.76元/瓦。

不仅如此，光伏产业链上游的N型电池片、硅片以及逆变器、胶膜、EVA、光伏玻璃等材料价格也均出现不同程度的上涨。特别是182*210mm的TOPCon电池片，已连续五周上涨，均价涨幅达到0.05元/瓦。同时，G12RN型硅片也在3月份内两次上调价格，合计涨幅达到0.1元/瓦。光伏级EVA的价格也在半个月内上涨了248.57元/吨。

硅料价格同样有上升势头，尽管受到库存情况的影响，但预计3月份价格将维持在3.9万元至4.2万元/吨之间。这一连串的价格上涨，让深陷产能过剩、恶性竞争和低价销售泥潭的光伏行业迎来了意外的转机。

However, along with the soaring prices, the PV market has also fallen into a chaotic situation of grabbing goods, breaking contracts and cracking down on counterfeiting. While analysts are still debating when the PV industry's winter will end, there are already module out-of-stock scenarios in the market. Niu Yanyan, President of LONGi's Green Energy Distributed Business in China, said that at present, all models of LONGi's module products are in a tight supply.

Leading companies such as Trina Solar, Tongwei and Canadian Solar are also facing the same problem, with the spot inventory of some popular models of modules drastically reduced, and the production line has entered a state of "immediate production". The delivery cycle is as short as one week and as long as half a month. Some leading module companies revealed that orders have been scheduled for the second quarter. In order to meet market demand, the photovoltaic production base that has just laid off employees has begun to urgently recruit workers.

Under the rush to buy goods, there were long queues at the entrance of module factories, and some traders even waited for two days and two nights before they could deliver the goods. Stockpiling by traders has also added fuel to the fire, with some traders saying they have stockpiled gigawatts of modules this time. In order to grab the spot, people from all parties show their talents, some trust the relationship to cut the queue to get the goods, and some accept products that are not in the first choice.

However, the rush has also brought about supply defaults and OEM chaos. Some traders face customer lawsuits because they can't get the goods for a long time, and some investors even suffer heavy losses because the project cannot be connected to the grid on time. Trina Solar, Aiko and other companies have also issued statements reminding consumers to purchase module products from formal channels to avoid product quality and after-sales service risks.

业内人士指出，这次光伏市场的爆发，主要是受到国内政策点火和海外市场回暖的影响。1月份，国家能源局发布的《分布式光伏发电开发建设管理办法》和2月份国家发改委、国家能源局发布的《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》，引发了以430、531两个时间节点为目标的抢装潮。

At the same time, the overseas market has also begun to recover, especially in the European market, where inventory removal has been completed and new projects have been lined up, making the European market in 2025 years optimistic. The PV procurement confidence index has soared, and according to experts, European installed capacity may double in 0 years. This also gives module manufacturers the confidence to raise prices.

However, price increases are not entirely positive for the PV industry. If prices can remain high, those production capacities that will be eliminated may be revived, and the cause of PV capacity reduction may fall short. At present, the question in the industry is whether the high price can be sustained.

Some industry insiders said that although large manufacturers have eased up and begun to intentionally control the pace of price increases, the tight supply and demand situation will soon be eased. Prices are likely to fall back as the industry's operating rate increases and spot supply increases. At the same time, distributors are grabbing too much and the actual demand is not keeping up, which may also lead to a drop in prices.

InfoLink预测，受抢装影响，供应链涨势有望维持至4月中下旬。但也有人表示，组件恢复正常供货可能要等到6、7月份。至于价格，乐观者预测下半年可能会维持在0.7元/瓦左右，而悲观者则认为价格可能会跌回0.6元/瓦区间。

It is worth noting that with this wave of market, although the photovoltaic bases recruit workers on a large scale, they are all temporary general workers, and most of the probationary periods end on 31/0. This also reflects from the side that large manufacturers are not optimistic about the sustainability of this wave of price increases.

A number of industry insiders said that the current large-scale production capacity clearance has not been completed, and the industry has not yet recovered the node. After the rush to install, if there is no obvious market growth, the price will definitely fall. The sales volume in the second half of the year still depends on the performance of overseas markets.

This reversal in the PV industry has not only brought about a surge in prices, but also exposed the chaos and uncertainty of the market. In the future, with the adjustment of policies and changes in the market, it remains to be seen how the photovoltaic industry will develop.