I am by absolutely no means an economist but I am very familiar with how one of the greatest strengths of renewable energy at the moment is their low cost, and how this cost is projected to only decrease as time goes on. However, I couldn't help but wonder what that could actually mean for the greater renewable energy market as a whole, and literally no one online seems to think about that either.
I came across this study that concludes that there is a possibility of renewable energy markets being prone to "financial saturation and speculative bubbles", especially in PV and battery storage (taken from the Discussion section of the paper).
How accurate do you think this is, and if so what are the implications of the current trajectory of the renewable energy industry? If this is absolute bullcrap I'd love to know why as well.
Source: Large-Row4808