Solar Energy Prices Dive as Countries End Fixed Subsidy Payments

Bloomberg Markets released an article today spotlighting the sharp price decline the global solar energy market has experienced over the past decade.  The article highlights how a global shift from fixed government subsidy payments, to an auction system that grants long-term contracts has created intense market competition.  The article notes that countries including India, Mexico and the United Arab Emirates have already transitioned to an auction system, with Japan and Germany expected to join within the next year.   This global shift has brought solar energy prices in markets that have adopted the auction system within range of coal and natural gas prices.  Read the full article and view the related infographics here.