GEM Energy Analytics β’ 599 implied HN points β’ 10 Oct 23
- Solar energy is growing quickly, but it has limits. Even though many people are excited about its future, there are economic reasons that might slow its growth.
- The value of solar electricity is decreasing as more solar power is added to the system. This means that while solar may be cheap to produce, its market value might drop, making it less profitable.
- Government support, like subsidies, could help solar energy continue to grow despite these challenges. However, it's unclear how committed governments will be to supporting solar if its market value drops significantly.