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Solar + BESSMarch 202620 min readInteractive analysis

Supply-chain cost note

Solar PV Supply Chain Cost Tool: The Real Numbers Behind Solar Manufacturing

It costs $0.124/Wp to make a solar panel in Vietnam using Chinese cells. It costs $0.284/Wp to make the same panel in Germany. An interactive deep-dive into IRENA's 2026 supply chain cost data — polysilicon to module, 6 countries, 4 import scenarios.

Duc Hoang, PMP

Vietnam Module Cost
$0.180/Wp

Lowest all-domestic cost (TOPCon)

China Module Cost
~$0.160/Wp

Global benchmark price

Germany Module Cost
$0.284/Wp

Highest domestic production cost

Max Savings (Import Cells)
47%

Germany: import cells vs all-domestic

47%
TOPCon Module Cost Composition (2025)
Vietnam domestic production — USD/Wp breakdown
Key Findings
From the IRENA 2026 analysis

TOPCon Overtakes PERC by 2028

TOPCon starts costlier but has steeper efficiency gains. By 2030, it reaches $0.168/Wp vs PERC's $0.169/Wp.

Electricity Is the Top Cost Driver

Germany's $0.18/kWh vs China's $0.065/kWh explains 58% of the manufacturing cost gap.

Importing Cells Saves Up to 47%

Importing cells from China vs full domestic production cuts module costs dramatically in high-cost countries.

ESG Adds $0.002–0.003/Wp

ESG certification costs are minor today but their relative share grows as production costs decline.

Module Assembly Is Easiest to Localize

Requires the least capital, labour and electricity — the ideal entry point for domestic manufacturing.

Solar PV Supply Chain Flow
From raw silicon to finished solar module — each stage adds cost
⚗️

Polysilicon

$0.021–0.023/Wp

12% of total

40 kWh/kg electricity intensive

💿

Wafer

$0.033–0.036/Wp

19% of total

$500M for 7 GW facility

Cell

$0.036–0.040/Wp

21% of total

Silver paste = top material cost

🔲

Module

$0.065–0.083/Wp

47% of total

Lowest barrier to localize

Data Source: IRENA (2026), Solar PV Supply Chain Cost Tool: Methodology, Results and Analysis, International Renewable Energy Agency, Abu Dhabi.

This interactive analysis was created by techmadeeasy based on publicly available IRENA data. All cost figures are in 2025 USD unless otherwise noted.