In February 2025, global panel solar precio(Spanish language）remained generally stable, though there were variations across different regions and module types. For instance, in the European market, TOPCon panel solar precio(Spanish language）were approximately 0.088−0.088−0.09 per watt, while PERC solar precio(Spanish language） ranged from 0.065to0.065to0.08 per watt. In the Latin American market, solar precio(Spanish language）were generally around 0.085−0.085−0.09 per watt.
Cuba's PV industry has seen significant development in recent years, with its PV module sector securing a place in both domestic and international markets. As one of the largest countries in the Caribbean, Cuba boasts abundant solar energy resources. In recent years, the Cuban government has actively promoted the development of renewable energy, particularly in the PV sector. By 2020, Cuba had established approximately 25,000 distributed PV power generation systems, with a total installed capacity of 1,000 megawatts. These projects are primarily concentrated in coastal and urban areas, providing clean energy to local residents. Additionally, Cuba has actively introduced advanced international PV power generation technologies and equipment, enhancing the efficiency and reliability of PV power generation.
The Panamanian government has set clear renewable energy development targets, aiming to increase the share of renewable energy to 20% by 2030. This policy push has created significant market opportunities for solar power projects. Moreover, Panama's abundant sunshine resources provide a natural advantage for solar power generation, with an annual effective utilization hours of approximately 1,600 hours. The PV market is rapidly expanding. The Panamanian government is also actively promoting the adoption of PV technology to achieve energy independence and energy security. Therefore, despite the global decline in PV module prices, the demand for PV modules in the Panamanian market continues to grow.
In recent years, the Panamanian government has increased investment in the PV sector, leading to rapid growth in the number of PV users. The Icacos PV power station in Chiriquí Province, which began operation in February 2019, has a generation capacity of 88.75 megawatts, sufficient to meet the needs of 49,000 households. Panama's National Energy Secretary, Rivera, stated that the promotion of PV technology will help Panama achieve energy independence and energy security. Relevant government departments will jointly implement incentive policies to further simplify the application procedures for solar power equipment installation and advance project financing and technological research and development.
Cuba and Panama belong to the Latin American market, where the solar energy market is rapidly developing, and governments are actively promoting renewable energy projects to reduce dependence on imported fuels. The price of solar panel in Cuba is likely to be similar to that in the Latin American market, estimated to be between 0.085and0.085and0.09 per watt. When considering transportation and tariff costs, the actual procurement price may be slightly higher than this range.