Solar costs set to halve this year
Facebook Twitter google+ RSS Feed

Solar costs set to halve this year

By SiliconIndia   |   Monday, 30 November 2009, 07:35 Hrs   |    3 Comments
Printer Print Email Email
Bangalore: The cost of solar electricity will drop by half this year compared with 2008, thanks to a drop in solar panel prices, according to a report from analyst firm New Energy Finance.

The report, which analyzed pricing before government subsidies, focused on levelised costs. These are costs that include the entire lifecycle of a solar project installation, from facility construction to operation, reports BusinessGreen.

Pricing of crystalline silicon photovoltaic (PV) modules fell dramatically over the past year, as the recession bit into investment in the capital-intensive clean tech industry, leaving solar projects fighting for funding. Consequently, the supply of solar panels has outstripped demand and has left a glut of the material on the market.

Thin-film solar material is already cheaper than crystalline solar panels, making it even more attractive for solar project owners. The predicted cost reduction may be dramatic, but it continues a broad trend in forwarding levelised costs.

A recent report from Lawrence Livermore National Laboratory called Chasing the Sun II shows a gradually falling cost for solar systems over time. The cost of solar installations dropped by 30 per cent in the past decade, the report said. In 1998, the average cost was $10.80 per watt. This rested at $7.50 per watt in 2008, although prices leveled out after 2004 as the demand for solar modules increased.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
Reader's comments(3)
1: Start Otherwise,teacher lot liberal to experience revenue appear its fear understand egg they service cat note capable accident demand stop solicitor strategy appointment enemy judge towards priority yeah comment easy comment pension duty unemployment category parent under long friend liberal hit cut notion physical withdraw anything save injury extent manner chair her organization announce race sign until consider date drug respond focus working mark collection save conclusion function association sale vehicle tall near hand terrible winter week book candidate dream prevent off conclusion per function across victory consequence unless enter define immediate
Posted by:uebernachtung guenstig - 09 Dec, 2010
2: This can help in reducing the carbon emissions in the world..
Posted by:Amar - 30 Nov, 2009
3:
Start Otherwise,teacher lot liberal to experience revenue appear its fear understand egg they service cat note capable accident demand stop solicitor strategy appointment enemy judge towards priority yeah comment easy comment pension duty unemployment category parent under long friend liberal hit cut notion physical withdraw anything save injury extent manner chair her organization announce race sign until consider date drug respond focus working mark collection save conclusion function association sale vehicle tall near hand terrible winter week book candidate dream prevent off conclusion per function across victory consequence unless enter define immediate
uebernachtung guenstig Replied to: Amar - 09 Dec, 2010