Solar Module Prices Rise 15-20% Amid Iran War-Induced Supply Chain Disruptions

Solar module prices have increased as a result of supply chain disruption caused by the Iran war. Prices have gone up by 15–20 per cent, primarily driven by higher freight costs and a surge in input material costs such as silver and aluminium, Laxit Awla, executive director and chief executive officer of SAEL Industries, said.The company is significantly impacted by volatility in market prices. Awla said, “The more significant impact we are feeling is from increased freight costs, which have gone up substantially. While there are no major supply chain issues, market prices are quite volatile, with silver prices fluctuating significantly.”Silver, extensively used in cell manufacturing, has seen sharp price movements, directly pushing up production costs. At the same time, aluminium, used in module frames, has also become more expensive. Awla noted that recent geopolitical events, such as aluminium facilities in the Gulf region being impacted by the war, have led to an increase in aluminium prices. “These factors have directly resulted in module price rise of around 15–20 per cent,” he added.