Solar Crisis: Cheap Chinese Solar Panels Prove Defective

Solar Crisis: Cheap Chinese Solar Panels Prove Defective

The photovoltaic industry is in a perverse situation. To make power generation from solar competitive, prices of solar panels had to come down. Tens of billions in subsidies were plowed into the industry. Technological advances came along. And the price per watt crashed exponentially, from $76 in 1977 to about $7 in 1989. Then it leveled off. By 2000 it began to drop again, hit $4 in 2005, $2 in 2

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