The market is consolidating in the wake of the Russian invasion of Ukraine, the challenges with the global supply lines and the increased interest rates. A lot

The market is consolidating in the wake of the Russian invasion of Ukraine, the challenges with the global supply lines and the increased interest rates. A lot of the smaller projects backed by semiprofessional investors will be picked up by larger investment fonds. There is also still a couple of years until the European battery factories that are under construction will actually be operational. Unless the economy picks up I suspect we’ll see a lot of bankruptcies in the coming five years. Currently it’s not just the price of solar panel production that is an issue, it’s also that you make equal and safer money on other investments. Back when the interest rates were basically 0% the 3-7% returns on solar were very attractive but now that is just not the case. This is why you see Japan picking up as an attractive place for solar these years, because in Japan a 3-7% return is still very good.