Almot
Jun 27, 2016Explorer III
Yo Mex, read about cheap solar panels
Read This.
Could drop again with Brexit - for a while. But this hasn't been the main reason in the last 5-6 years.
Simply put, it was a takeover, planned and executed. Billions of govt dollars in subsidized manufacturing, for the great cause. Though communist planners couldn't foresee all the consequences. Mass production brought the prices to the point where nobody could keep up. European and American solar manufacturing was decimated (belated tariffs couldn't do much), but many of Chinese domestic businesses were also hit in the wake of over-supply.
Most of the surplus was eventually shipped to third world countries, - good news for Mexico.
Could drop again with Brexit - for a while. But this hasn't been the main reason in the last 5-6 years.
Simply put, it was a takeover, planned and executed. Billions of govt dollars in subsidized manufacturing, for the great cause. Though communist planners couldn't foresee all the consequences. Mass production brought the prices to the point where nobody could keep up. European and American solar manufacturing was decimated (belated tariffs couldn't do much), but many of Chinese domestic businesses were also hit in the wake of over-supply.
Most of the surplus was eventually shipped to third world countries, - good news for Mexico.