RAPID PRICE DECLINES IN solar photovoltaic systems? “This does not mean that manufacturing costs are falling as fast as prices. For several years in the run up to the 2008 financial crisis demand for solar power was growing so fast due to government incentives (especially in Germany) that declines in production costs did not translate into declines in market prices. The recession caused a drop in demand while capacity was still growing. So prices are catching up with previous production cost declines. Companies are feeling more pricing pressures and a shake-out is going on with weaker players failing or merging.”
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