Photovoltaic module prices have risen for the fourth consecutive month, driven by strong demand for energy independence despite falling upstream costs such as polysilicon.
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The Paraguayan government has set ambitious energy targets for 2050, aiming to further diversify its energy matrix by introducing additional renewable energy sources, particularly solar and wind power, alongside expanding bioenergy initiatives.
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Wood Mackenzie's October 2025 analysis confirms that PV module prices are jumping approximately 9% in Q4 2025, with further increases expected through 2026. It represents a structural market correction that will reshape solar procurement strategies.
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Increasing the penetration of variable renewables, such as wind and solar energy, is considered a critical pathway for the transition to a deep de-carbonized power system. Renewables contribute more than 26 of global generating capacity and over 21 of global electricity.
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