[BurningPenguin]

It is artificially held down by their government.

[throw0101b]

And governments haven't subsidized the development of renewables for the last (two) decade or so?

Yes, renewable is cheap now, but it was expensive when the rollout started.

"How Germany helped bring down the cost of PV"

* https://energytransition.org/2016/01/how-germany-helped-brin...

From 2017, "Germany’s High-Priced Energy Revolution":

* https://fortune.com/2017/03/14/germany-renewable-clean-energ...

"Germany Paid Record $38 Billion for Green Power Growth in 2020"

* https://www.bloomberg.com/news/articles/2021-01-12/germany-p...