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China Cuts Solar Panel Prices to 12 Cents Per Watt

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Story summary
  • China’s solar panel producers cut prices to 12 cents per watt, an offensively cheap level.
  • Dave Jones, co-founder of Ember, said panels cost $5-$6 per watt 26 years ago, now 12 cents.
  • Youyuan Huang, executive vice-chairman of BTR New Material Group, warned China’s grid now has excess green energy.
  • In June, U.S. photovoltaics outproduced coal for the first time, despite President Donald Trump’s coal-revival push.