Outside the US
- Accurate data on global average PV module prices are difficult to obtain as there is a wide range depending on manufacturing cost structures, market features and efficiencies.
- An available estimate for the global price of c-Si PV in 2008 was $4.05/W and this declined to $2.21/W in 2010 – a decline of 45% in just 2 years and is estimated to average $1.08/W in 2015
- The price reduction for CdTe PV is averaging 22% reduction for each doubling of cumulative volume.
Image via “Renewable Energy Technologies: Cost Analysis Series – Solar Photovoltaics.” International Renewable Energy Agency (IRENA).Volume1: Power Sector Issue 4/5. June 2012. Web. 2 May 2015. Retrieved from IRENA
Author: Hannah Goldstein
Editor: Rick Cerretani
Source:
“Renewable Energy Technologies: Cost Analysis Series – Solar Photovoltaics.” International Renewable Energy Agency (IRENA).Volume1: Power Sector Issue 4/5. June 2012. Web. 2 May 2015. https://www.irena.org/DocumentDownloads/Publications/RE_Technologies_Cost_Analysis-SOLAR_PV.pdf