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Future Of Solar Not So Bright


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.

  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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