Re-considering the economics of photovoltaic power

Bazilian M, Onyeji I, Liebreich M, MacGill I, Chase J, Shah J, Gielen D, Arent D, et al. (2013). Re-considering the economics of photovoltaic power. Renewable Energy: 329-338. DOI:10.1016/j.renene.2012.11.029.

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Abstract

This paper briefly considers 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 is prohibitively expensive, and still has not reached competitiveness. The authors 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, some level of transparency is provided 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.

Item Type: Article
Uncontrolled Keywords: Photovoltaics; Energy economics; Energy policy
Research Programs: Transitions to New Technologies (TNT)
Bibliographic Reference: Renewable Energy; 53:329-338 (May 2013)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:49
Last Modified: 14 Sep 2016 07:20
URI: http://pure.iiasa.ac.at/10529

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