Europe Solar Price Falls to Record Low, Global Prices Begin Drop

SET Energ: "Solar prices have finally begun their downward trajectory in January, as revealed by the monthly survey just released on solarbuzz.com. Solar panels have not had the volatile prices of fossil fuels over the past year. Solar prices neither rose in early 2008 while coal, oil, and natural gas skyrocketed through early July nor did solar prices fall 60+% since July like those same fossil fuels. That steady price made solar look brilliant in the summer but it backfired when conventional energy prices fell amid the fourth quarter financial crisis. This month, solar prices are finally beginning to slide toward competitiveness as the wild energy ride of late continues into 2009."