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Grid Parity for Solar Energy
- 1. Is Grid Parity for Solar Photovoltaics Imminent? Webmeeting March 7, 2008
- 3. Product Life Cycles Classic Gartner Hype Cycle
- 4. Relative price trend of modules and systems
- 5. Price trend of modules and systems in US$
- 6. Small systems are relatively more expensive Grid connection less expensive than off-grid
- 7. Annualisation Factors for various interest rates and lifetime
- 8. Annual yield per 1 kWp 814 1,249 1,487 kWh/m2/yr Washington 539 788 946 kWh/m2/yr Brussels 932 1,587 1,941 kWh/m2/yr Perth Façade kWh/kWp Roof-top kWh/kWp Global horizontal irradiation Location Output
- 12. Market considerations : cost evolution Source : Solar Generation IV – 2007, European Photovoltaic Industry Association – Greenpeace Generation costs have reduced by a factor 2 during the past 10 years Before 2020 PV generation cost will match peak power generation cost, and this without any subsidy European Technology Platform has ambitious objectives for 2030 : Currently PV is widely supported by national subsidies (most of EU countries…)
- 13. Market considerations : volume evolution Source : Solar Generation IV – 2007, European Photovoltaic Industry Association – Greenpeace Cumulative capacity increased by 35% during the last years What about the future? European Photovoltaic Industry Association makes several scenarios, which lead to a PV contribution to electricity consumption between 1% and 9% by 2030