Emerging Markets Grapple With Rising Solar Panel Costs ...Middle East

OILPRICE - Economy
Emerging Markets Grapple With Rising Solar Panel Costs
source : OILPRICE ( Middle East ) () 35
With high energy prices and supply chain disruptions creating shortages of key renewable energy components and materials, emerging markets are reassessing how to build out utility-scale solar power to accelerate their energy transitions. After more than a decade of decline, the cost of solar photovoltaic (PV) panels has risen around the world, due primarily to the increasing cost of solar-grade polysilicon in China. A key component in PV panels, polysilicon spot market prices rose from less than $7 per kg in July 2020 to $39 in August 2022. Though…

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