Lucky enough for us and everyone else economy of scale kicked in. I'm taking it
Lucky enough for us and everyone else economy of scale kicked in. I'm taking it
The US bungled its lead in photovoltaics and politics prevented us from catching up - so like most other things, China leads the way, and we benefit.
The whole plan could have been snookered by the US similarly subsidizing their solar production 10 or 20 years into the chinese plan. Which would have put most of the cost onto China while we reaped the benefits of cheap power production.
But fundamentally solar cell production was (is?) pretty dirty and US environmental regulations were always going to be a stumbling block. One used to be able to spot Chinese solar factories on satellite maps by looking upstream from deadzones, but apparently that has been enough of an embarrassment that even the CCP has started cracking down.
Basically DOE funded research pretty successfully but it only takes one failure for the loud voices to win
Same program funded Tesla as I recall
Example source: https://www.reuters.com/article/world/us/exclusive-controver...
There's nothing "fundamentally" dirty about it. It's not like fossil fuel combustion that inevitably produces a large stream of waste (CO2).
This is why the U.S. was able to impose punitive tariffs on Chinese solar without WTO interference.
The western world should have subsidized it too, now you can't dismiss it because it wasn't organic--because it NEVER would be organic.
https://www.statista.com/chart/1576/chinese-solar-photovolta...
Despite that dominance, prices continue to fall:
https://ourworldindata.org/grapher/solar-pv-prices
As an addendum, the US also saw a rapid increase in domestic solar panel manufacturing in recent years:
https://seia.org/news/american-solar-panel-manufacturing-cap...
But that was due to government incentives that are now under fire from the Trump administration.
High prices caused an influx of investment - and silicone prices plummeted, which allowed China to get the crown
Thanks for the laughs.