Reconsidering the Economics of Photovoltaic Power
Bazilian, M
., Ijeomaonyejix., Liebreich, M., Macgill, I., Chase, J., Shah, J., Gielen, D., Arent, D. and Landf, D.
2012
Bloomberg New Energy Finance (BNEF)
Photovoltaics; Energy economics; Energy policy
Bazilian, M
., Ijeomaonyejix., Liebreich, M., Macgill, I., Chase, J., Shah, J., Gielen, D., Arent, D. and Landf, D., (2012), "Reconsidering the Economics of Photovoltaic Power", Bloomberg New Energy Finance (BNEF).
| Abstract: |
| We briefly consider the recent dramatic reductions in the underlying costs and market prices of solar photovoltaic (PV) systems, and their implications for decision-makers. In many cases, current PV costs and the associated market and technological shifts witnessed in the industry have not been fully noted by decision-makers. The perception persists that PV isprohibitively expensive, and still has not reached ?competitiveness?. We find that the commonly used analytical comparators for PV vis a vis other power generation options may add further confusion. In order to help dispel existing misconceptions, we provide some level of transparency on the assumptions, inputs and parameters in calculations relating to the economics of PV. The paper is aimed at informing policy makers, utility decision-makers, investors and advisory services, in particular in high-growth developing countries, as they weigh the suite of power generation options available to them. |
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This publication in whole or part may be found online at:  here. |
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