The sun is setting on ultra-cheap solar panels

SOLAR developers and investors may have to brace themselves for solar panel costs to start rising after a 30 per cent plunge last year. The period of ultra-cheap solar panels is over, according to the president of one of China's largest solar panel manufacturers.

The party is definitely over, Eric Luo, president of China's GCL System Integration Technology, told Reuters recently, commenting on the super-cheap solar components on the global market.

According to the Chinese manager, solar panel prices have already stabilised and are expected to rise by 10-15 per cent within two years.