Global Trends in Clean Energy Investment - Clean Energy Ministerial
Global Trends in Clean Energy Investment - Clean Energy Ministerial
Global Trends in Clean Energy Investment - Clean Energy Ministerial
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PV MODULE PRICES, 1976–2012<br />
($/W)<br />
100<br />
1976<br />
PRICES HAVE FALLEN<br />
75% SINCE 2008<br />
45% IN PAST YEAR<br />
10<br />
1985<br />
2003<br />
1<br />
2006<br />
2012<br />
2012<br />
0.1<br />
1 10 100 1,000 10,000 100,000 1,000,000<br />
historic prices<br />
Ch<strong>in</strong>ese c-Si module prices<br />
First Solar th<strong>in</strong>-film module cost<br />
Notes: Inflation adjustment us<strong>in</strong>g US PPI, R2 of c-Si regression = 0.94, R2 of FSLR regression = 0.98;<br />
data s<strong>in</strong>ce 2007 based on Bloomberg New <strong>Energy</strong> F<strong>in</strong>ance Solar Spot Market Price Index<br />
/ / / /<br />
experience curve<br />
Th<strong>in</strong>-film experience curve<br />
MW (log)<br />
Source: Paul Maycock, Bloomberg New<br />
<strong>Energy</strong> F<strong>in</strong>ance, FSLR fil<strong>in</strong>gs<br />
MICHAEL LIEBREICH, 25 APRIL 2012 TWITTER: @MLiebreich 15
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