Throughout 2023 the price of solar panels, and the main polysilicon-wafer-cell supply chain links, crashed to record lows thanks to the end of the polysilicon shortage. The price is still falling now, more slowly, and will continue to fall throughout 2024 in a process of consolidation in which less cost-effective production capacity is gradually killed off. Global demand in 2024 will ‘only’ grow 30% to at most 550 GW (compared to over 60% in 2024), while total production capacity is around 1,000 GW across each segment, meaning there is space for several years of consolidation to take small-scale and obsolete operations offline, even as demand grows further. And on price there is also room for further reduction, given that there…