Launch of China PV module, BESS battery cell prices

The launch is in response to growing demand for transparent and standardized pricing benchmarks in both the photovoltaic and energy storage sectors.

China, the world’s largest market for both sectors, has seen a rapid growth in the technologies. According to data from China’s National Energy Administration (NEA), the country’s cumulative installed capacity of new-type energy storage reached 136 GW / 351 GWh by the end of 2025, representing a staggering 84% year-on-year increase from the end of 2024. Over the same period, cumulative installed photovoltaic capacity reached 1.2 TW (12 billion kW), up by 35% year on year. This shows that these markets are not only massive in absolute scale, but also continue to expand rapidly.

This expansion has driven increased trading, greater supply chain complexity and heightened price volatility, reinforcing the need for independent, transparent and standardized pricing benchmarks to support contract settlements, risk management and investment decisions. 

Photovoltaics and energy storage are increasingly deployed in integrated PV-plus-storage solutions, an established industry trend and key strategic focus. As deployment models evolve, pricing dynamics across the two sectors are becoming more interlinked, creating demand for consistent and complementary benchmarks across both markets. The launch of these price assessments by Fastmarkets is therefore a direct and timely response to this evolving market reality.

N-type TOPCon solar modules and lithium iron phosphate (LFP) prismatic battery cells have become mainstream products in their respective sectors.

N-type TOPCon is the dominant PV technology globally, with large-format modules standard in utility-scale applications. Meanwhile, export flows from China to Europe, Southeast Asia, the Middle East and Africa are diversifying, supporting demand for a recognized FOB China reference.

Similarly, the 314Ah format for LFP prismatic cells has become the mainstream specification for large-scale energy storage, with containerized systems as the industry standard. Structurally tight supply and the coexistence of multiple technology pathways have further highlighted the need for an independent pricing benchmark.

Prices are published on the last Friday of every month, with the first publication on June 26, 2026.

The new assessments have the following specifications:

MB-PV-0001 – N-type TOPCon solar module – Utility-scale, 182mm and 210mm, FOB China, USD/W
Quality: Cell format 182mm x 182mm and 210mm x 210mm, typical power output 580-700w, single/double 2.0 mm tempered glass, anodized aluminum alloy frame, cable length customizable, IP68 rated junction box, complying with GB/T 9535-208, adhering to International Electrotechnical Commission standards
Quantity: min 5+MW
Incoterm: FOB
Location: China
Loading Period: Within 60 days
Unit & Currency: USD per Watt
Data Window: The data collection window runs from the previous price assessment until 5pm Shanghai time on the day of the next assessment.
Frequency: Monthly, last Friday of the month, 5–6pm Shanghai time

This price is part of Fastmarkets’ new solar price package.

MB-LFP-0001 – LFP prismatic cell, 314Ah, ex-works domestic China basis, yuan per Wh
Quality: LFP 314Ah prismatic (nominal voltage: 3.2V, cycle life ≥ 8,000 cycles, charge/discharge rate: 0.25P–1P)
Quantity: No minimum quantity
Incoterm: EXW
Location: China
Loading Period: Within 60 days
Unit & Currency: Yuan per Wh
Data Window: The data collection window runs from the previous price assessment until 5pm Shanghai time on the day of the next assessment.
Frequency: Monthly, last Friday of the month, 5–6pm Shanghai time 

This price is part of Fastmarkets’ industrial minerals price package.

To provide feedback on this price assessment or if you would like to provide price information by becoming a data submitter to this price assessment, please contact pricing@fastmarkets.com and industrialminerals@fastmarkets.com. Please add the subject heading “re: China PV module and BESS battery cell prices.” 

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.