In this article, we explain some of the key factors behind the industry''s recent decline, offer three reasons why we believe the market''s fundamentals are solid, and suggest what players can do
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While solar generation and efficiency continue to increase, solar''s LCOE continues to decline. Solar''s global average LCOE dropped by an astonishing 89% from 2010 to 2023, according
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In 2023, approximately 45% of battery capacity and 26% of utility-scale PV capacity were hybrid PV/battery energy storage system projects—relatively consistent with previous years.
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Most data suggest decreases in CAPEX in the first half of 2024, but energy pricing across market segments varied because of other factors. In Q3 2024, module prices rose 1% but stayed near
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The 2021 benchmark report finds continued cost declines across residential, commercial, and industrial PV-plus-storage systems, with the greatest cost declines for utility
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The last decade has shown a sharp, though now steadying, decline in costs, driven largely by photovoltaic (PV) module efficiencies (now 19.5%, up from 19.2% in 2019) and hardware and
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In Q2 2025, the residential segment installed 1,064 MW dc of solar capacity, declining 9% year-over-year and 3% quarter-over-quarter. High interest rates, economic and policy uncertainty
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In another record-breaking year for energy storage installations, the sector has firmly cemented its position in the global electricity market and reached new heights.
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The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over
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Unlike the automotive industry, photovoltaics lack spare parts management, leaving this to a few specialized service providers. But with module prices falling steadily, this service has become...
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