Energy & Science
Rising Solar Prices Threaten Paris Climate Goals, Analyst Says
- Panel prices up 16% because of higher materials costs
- Low factory utilization may hinder investment in new capacity
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Rising costs for solar panels threaten to slow the transition to clean energy that’s needed to curb climate change, according to a report from Rystad Energy.
Global prices for solar panels have climbed 16% this year, largely because costs for polysilicon and silver have increased, Rystad said Friday. That’s been exacerbated by pandemic-related restrictions that have sent some key raw materials costs soaring.