Market Breakdown

• The German PV selling rate for March 2023 decreased to 2.7 million units/year from 2.9 million units/year in February.
• In the UK, the PV selling rate also fell from 2.5 million units/year to 1.4 million units/year in March, though strong seasonality, in combination with supply constraints, were factors.
• The French PV selling rate rose a tad to 1.7 million units/year in March from 1.6 million units/year. Similarly, for Italy, the PV selling rate grew moderately to 1.5 million units/year for the past month from 1.4 million units/year in February.
• The PV selling rate for Spain also strengthened to 910k units/year in March from 870k units/year in February.