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2015 Solar Module Price Forecast Down To 42 Cents Per Watt
One of the most common misconceptions about the global solar PV market is that is it the massive oversupply that is driving the bulk of technology cost reductions, and that these cost cuts will evaporate once the market has reached some sort of equilibrium. Nothing could be further from the truth. As we have remarked before, the intense competition in the market is sparking remarkable innovation and efficiencies in the manufacturing process.
Last July, we noted how Greentech Media was heralding the arrival of US50c/Watt solar modules by 2015 – a development that would likely herald the arrival of parity between the cost of fossil fuels and utility scale solar in the US, China and India. Six months later, Greentech Media have already cut that forecast for solar modules by 18 per cent, and brought forward the time interval by a year. According to research published overnight, the group is now forecasting the price of conventional silicon based solar modules to fall to US42c/Watt by 2015. “Between 2009 and 2012, leading “best-in-class” Chinese c-Si solar manufacturers reduced module costs by more than 50 per cent,” it notes. And in the next three years, those players — companies like Jinko, Yingli, Trina and Renesola — are on a path to lower costs by another 30 percent. It provides this chart below, which compares to the one we published last July. As you can see, costs have been shaved off each pricing component
Last July, we noted how Greentech Media was heralding the arrival of US50c/Watt solar modules by 2015 – a development that would likely herald the arrival of parity between the cost of fossil fuels and utility scale solar in the US, China and India. Six months later, Greentech Media have already cut that forecast for solar modules by 18 per cent, and brought forward the time interval by a year. According to research published overnight, the group is now forecasting the price of conventional silicon based solar modules to fall to US42c/Watt by 2015. “Between 2009 and 2012, leading “best-in-class” Chinese c-Si solar manufacturers reduced module costs by more than 50 per cent,” it notes. And in the next three years, those players — companies like Jinko, Yingli, Trina and Renesola — are on a path to lower costs by another 30 percent. It provides this chart below, which compares to the one we published last July. As you can see, costs have been shaved off each pricing component
http://cleantechnica.com/2013/02/19/2015-solar-module-price-forecast-down-to-42-cents-per-watt/