Energy storage is driving the transition
WoodMac must have quite a stake in the RE business to un a piece like this. They ignore basic realities like such of the cost-cutting in the last couple of years was China dumping. They will eventually stop doing that when they find out that they won’t ever make money on it. Then prices for hardware go up again. Plus, national budgets are under heavy strain from the COVID crisis. Tax take goes down, costs go up. No more leeway for vanity spending. RE is in a horrible bind and needs to spend heavily to pimp this thing.
