A couple of factors going on. Spain was the world leader in solar and wind because of huge subsidies. But now Spain is trying to avoid going bankrupt and has cut the subsidies, which left a big hole in the solar and wind markets.
Combine that with China trying to buy market share by providing big subsidies to their solar panel manufactures and you have the glut we're in now.
I wouldn't be surprised if the prices continue to drop as China drives the price as low as necessary to dominate the market and subsidies in other countries continue to dry up.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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