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Home - Solar Industry - Solar panels for large-scale PV are sold in Spain for €0.10/W
Solar Industry

Solar panels for large-scale PV are sold in Spain for €0.10/W

solarenergyBy solarenergyMay 8, 2024No Comments2 Mins Read
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Spanish developer Solaria says it has purchased 435 MW of solar panels from an unnamed supplier for €0.917 ($0.99)/W. Kiwa PI Berlin confirms that average solar panel prices for large-scale PV projects in Spain are now around €0.10/W.

May 8, 2024 Pilar Sanchez Molina

Image: Junta de Extremadura, Solaria

By pv magazine Spain

Spanish PV project developer Solaria Energía has purchased 435 MW of PV modules for the 700 MW Garoña photovoltaic complex, which it is building in Spain for €0.917/W. The company said it sourced the panels from an undisclosed top-tier manufacturer.

The company claimed the deal was the best purchase of PV modules in its history.

“This The price level represents an improvement of 2.15% compared to the last purchase in December 2023 and a reduction of 71% compared to 2022 prices,” the company said in a statement.

A spokesperson for Solarie told pv magazine that it concerns a purchase at origin, i.e. with Incoterm FOB (free on board). That means the seller is responsible for bringing the goods to the shipping port and loading them onto the ship for export.

“This implies at least €0.01 more per watt for transport, which is included in the incoterm Delivery Duty Paid (DDP),” said Asier Ukar, director of consultancy Kiwa PI Berlin in Spain. pv magazine.

Under the DDP Incoterm, the seller assumes all responsibilities and costs associated with the transportation of the goods. This includes import duties, taxes and other charges until the goods have been fully delivered to the destination agreed with the buyer.

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Ukar said an unnamed developer also recently purchased 660W panels for a large-scale installation for €0.114/, including on-site delivery.

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

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