The Down Word Pressure on Solar Panel Pricing

In the next three years, there will be a significant downward pressure on solar panel pricing due to increased investment in new capacity globally, especially in the U.S. This trend is expected to continue for the next three to five years. Battery storage pricing is expected to remain stable due to competition among different technologies. However, wind energy faces challenges as there are limited OEMs and margins for investment, raising concerns about the development of wind energy amid the energy transition.