Embed Notice

11. Solar power price cannibalization also affects other power plants, but not as much as it affects solar, because solar plants generate most at times when solar is pushing the price down most. This will inhibit further solar build.

12. This is already obvious in Spain, California, Australia. Now that the global liquefied natural gas price hike related to Russia invading Ukraine in 2022 has eased, lower power prices drive solar developers to seek long-term contracts again.