Featured in Best in class – 01-2020

The year in solar and storage

In five key trends, pv magazine looks back over a year that saw PV module prices fall lower than many thought possible, while demand was restrained by grid congestion, among other challenges. Energy storage has had a strong year and geopolitics is seeing solar and battery manufacturing enter new regions as competition drives technical innovation.

By

Mark Hutchins

03 Dec 2024

Insufficient grid infrastructure continues to hinder progress for renewables deployment. | Photo: Xuan Cau Holdings/B.Grimm Power Public Company

Module price madnessFalling prices for solar modules was the defining solar trend in 2024. In January, mainstream prices were approaching $0.15/W in an oversupplied market.Energy price consultant OPIS reported below-production-cost $0.087/W prices for the latest tunnel oxide passivated contact (TOPCon) products in mid-November 2024, and further drops are still rumored.While low pricing typically spurs demand, …

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