A tumultuous year for solar and batteries

In five key trends, pv magazine looks back over a year that saw PV module prices fall lower than many thought possible, while demand was restrained by grid congestion, among other challenges. Energy storage has had a strong year and geopolitics is seeing solar and battery manufacturing enter new regions as competition drives technical innovation. From pv magazine 12/24-01/25 Module price madness Falling prices for solar modules was the defining solar trend in 2024. In January, mainstream prices were approaching $0. 15/W in an oversupplied market. Energy price consultant OPIS reported below-production-cost ...

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