by John Rubino
Dollar Collapse
Solar panels are basically microprocessors, so it’s not a surprise that they’ve been following their own version of Moore’s Law, declining in price by 5%-10% each year. As a result, solar is now competitive with fossil-fuel-derived electricity in a growing number of markets. Even unlikely places like Saudi Arabia, awash in oil and natural gas, have been slapping solar panels on every available surface.
But that was before the world’s supply chains seized up. Now even solar is getting way more expensive.
Saudi Arabia solar tariffs jump 43% on higher module costs
(PV Tech) – Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.