Freight Costs Edge Toward Pandemic Levels, Hitting Solar Module Costs
Freight costs, which represent around 4% of a solar module's total costs, are increasing on trade lines between the Far
PV Magazine International 11:47 am on June 5, 2024
With rising freight costs hitting solar module expenses, spot rates surged significantly. This increase affects the cost structure of solar panel production and delivery.
- Freight Cost Surge: Spot rates for global shipping have increased dramatically, impacting solar module costs.
- Percentage Impact: Freight constitutes about 4% of a solar panel's total cost, marking the influence on pricing.
- Trade Routes Affected: Trade lines from Far East to US West Coast and North Europe are most impacted.
- Comparison to Previous Peaks: The current rates exceed historical peaks, similar to the Red Sea crisis period but not as rapid in growth.
https://www.pv-magazine.com/2024/06/05/freight-costs-edge-toward-pandemic-levels-hitting-solar-module-costs/