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Future Of Solar Not So Bright

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Goldman Sachs: Global Solar Power Installations Will Crash 24% in 2018 | Watts Up With That?

Solar panels were already getting cheaper this year, and then China pulled the plug this month on about 20 gigawatts of domestic installations. The result was a glut of global inventories, and now prices are plunging even faster.

China, the world's biggest solar market, on June 1 slammed the brakes on new projects that would have had as much capacity as about 20 nuclear power plants. With a global panel glut it's a buyer's market and developers in other countries are delaying purchases, holding out for even lower prices.

 Government subsidies have done a good job to date of shielding solar enthusiasts from business reality, but the election of President Trump, and waning political enthusiasm across the world appear to have combined to create a severe contraction in demand for this useless form of electricity generation.

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Comments (3)

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  1. John Cooper

At present, solar panels have become very popular.

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  1. petterson

The Solar System is the gravitationally bound system of the planets and the Sun plus other objects that orbit it, either directly or indirectly
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