Solar-panel supply globally is forecast to reach 1,100 gigawatts by the end of this year — three times more than demand, the International Energy Agency wrote in a report released in January.
Prices on the spot market have already fallen by half in 2023 and are likely to extend decline by another 40% by 2028, the agency added.
Solar panels — 80% of which are made in China — are so cheap that they’re now being used to line garden fences in Germany and the Netherlands