The overcapacity has caused significant price drops across various segments of the photovoltaic industry chain in 2023, with silicon material prices dropping by more than 70%, and wafer, cell, and module prices all falling by around 50%. The price of photovoltaic modules, also known as solar cell modules, has reached its historic low. In just one year in 2023, the price of photovoltaic modules has plummeted from around 2 yuan per watt to less than 1 yuan per watt, effectively halving the price. #chinaobserv
