Renewable Energies
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Article 81 from 125
:: "The true cost of Solar Power: 10 Cents by 2010"
New report available: The latest PHOTON Consulting report is available as of April.
 The decoupling of solar power prices from their underlying costs hides the low and rapidly falling cost structure of solar power. Today, the "true cost" of solar power is under 25¢ per kWh in most locations and is likely to reach 10¢ to 15¢ per kWh by 2010. This includes all costs of manufacturing and installing solar power systems from pre-silicon (i.e. TCS) to connected-installations without incentives or tax benefits.
Already, solar is at a cost level that makes it competitive with residential grid prices in the OECD's highest-priced markets. It is estimated that the cost of solar power is below the price of residential grid electricity for 5 to 10 percent of OECD consumption (200 to 400 TWh). This equates to 150 to 300 GW of solar power, compared to only 2.7 GW of solar cell/module production in 2006.
Over the next three years, it is expected that the typical fully-loaded cost of solar power will decrease at least 30 percent from $3.60 per W in 2006 to $2.50 per W. In consequence, by 2010, the cost of solar will be below the price of grid electricity for at least 50 percent of OECD residential demand, equivalent to around 1,500 GW of solar power. This is much larger than the 15 GW of cell/module production PHOTON Consulting anticipates for 2010.
This conclusion is based on rigorous bottom-up analysis of the cost structures of more than 75 solar power companies at various stages of the supply chain. This data comes from both public disclosures (including the financial statements of publicly-traded solar companies) and private sources (including internal cost structures provided by dozens of solar power companies under the condition that we share only synthesized data). All numbers in this report were peer-reviewed by several senior executives within the solar power sector. For further information see the Executive Summary.Â
To order your copy of the True Cost report for a price of 1,100 Euro before 7% VAT (PHOTON subscribers pay 950 Euro before 7% VAT), please fill out the online order form or the fax form or online order
Already, solar is at a cost level that makes it competitive with residential grid prices in the OECD's highest-priced markets. It is estimated that the cost of solar power is below the price of residential grid electricity for 5 to 10 percent of OECD consumption (200 to 400 TWh). This equates to 150 to 300 GW of solar power, compared to only 2.7 GW of solar cell/module production in 2006.
Over the next three years, it is expected that the typical fully-loaded cost of solar power will decrease at least 30 percent from $3.60 per W in 2006 to $2.50 per W. In consequence, by 2010, the cost of solar will be below the price of grid electricity for at least 50 percent of OECD residential demand, equivalent to around 1,500 GW of solar power. This is much larger than the 15 GW of cell/module production PHOTON Consulting anticipates for 2010.
This conclusion is based on rigorous bottom-up analysis of the cost structures of more than 75 solar power companies at various stages of the supply chain. This data comes from both public disclosures (including the financial statements of publicly-traded solar companies) and private sources (including internal cost structures provided by dozens of solar power companies under the condition that we share only synthesized data). All numbers in this report were peer-reviewed by several senior executives within the solar power sector. For further information see the Executive Summary.Â
To order your copy of the True Cost report for a price of 1,100 Euro before 7% VAT (PHOTON subscribers pay 950 Euro before 7% VAT), please fill out the online order form or the fax form or online order
Source:
PHOTON Consulting 2007
PHOTON Consulting 2007
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Article 81 from 125
