European PV Module Prices Decline in August 2026
European PV module prices fell in August 2026 as demand dipped below historic averages, with back contact, full black, and monofacial TOPCon modules
European PV module prices fell in August 2026, according to sun.store’s monthly PV Index report. Back contact (BC) modules averaged €0.133/Wp, down 1.5% from July. Full black modules dropped nearly 6% to €0.130/Wp, and monofacial TOPCon reached €0.122/Wp, a 4.7% decline.
Bifacial TOPCon modules rose 6% to €0.116/Wp, remaining the cheapest option for utility-scale projects. Premium modules like BC and full black were mainly used in residential and corporate installations, while standard TOPCon modules saw price increases since early 2026.
Major Chinese suppliers dominated Europe in the three months to August 2026, with Trina Solar leading, followed by Aiko, JA Solar, JinkoSolar, and LONGi. Demand for solar modules fell below historic averages, with the Purchasing Managers Index (PMI) at 65 in August, down from an average of 68.
43% of buyers planned to purchase more modules in September, 43% expected no change, and 14% planned to buy fewer. Premium modules maintained pricing power, but demand cooled from spring levels.
String inverters fell over 20% in August, with 1-20kW systems dropping to €41.40/kW and larger systems to €24.26/kW. The shift reflected model mix changes, not cuts to individual products. July favored premium European inverters from SMA and Fronius, while August saw more competitive Chinese models from GoodWe, Solis, and SolarEdge.
Hybrid inverter prices diverged: smaller systems (1-20kW) fell 1%, while larger systems above 20kW rose 11.1%. Huawei and Sungrow led string inverter sales, with SMA and SolarEdge also prominent. Chinese firms Deye, Solis, Huawei, GoodWe, and Sungrow dominated hybrid inverter markets.
Price Trends in PV Modules
| Module Type | August Price (€/Wp) | Change from July |
|---|---|---|
| Back Contact (BC) | 0.133 | -1.5% |
| Full Black | 0.130 | -6% |
| Monofacial TOPCon | 0.122 | -4.7% |
| Bifacial TOPCon | 0.116 | +6% |
Supplier Market Share
Trina Solar was the top supplier in Europe through August 2026, followed by Aiko, JA Solar, JinkoSolar, and LONGi. These Chinese firms captured the majority of the market as demand softened.
Inverter Price Shifts
String inverters dropped over 20% in August, with small systems (1-20kW) falling to €41.40/kW and larger systems to €24.26/kW. Hybrid inverter prices were stable for small systems but rose 11.1% for larger units above 20kW.
Market Dynamics
Buyers delayed purchases, waiting for lower standard module prices, while premium module specifiers faced less discounting. The PMI of 65 signaled weaker demand, though 43% of buyers intended to increase September orders.
"Premium modules are still setting the pace, but the demand signal has cooled from the spring," the report noted. "Buyers holding out for lower standard-module pricing are being rewarded."
Inverter Sector Changes
String inverters saw the steepest declines, especially in smaller commercial systems. Hybrid inverters remained dominated by Chinese suppliers, including Deye, Solis, Huawei, GoodWe, and Sungrow.
The market shifted toward larger, competitively priced models.
SolarEdge and GoodWe gained ground in August, offering larger commercial-scale inverters at lower prices than traditional European brands.
**Conclusion**
The data shows a clear trend of price softening in standard PV modules and string inverters, with premium products maintaining value where demand remains strong. Utility-scale developers continued to favor bifacial TOPCon modules for their cost efficiency.
Huawei and Sungrow led string inverter sales, while Chinese firms dominated hybrid inverter installations across Europe in August 2026.
