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Global Trends in Clean Energy Investment - Clean Energy Ministerial

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RESIDENTIAL ELECTRICITY PRICE 2012, INSOLATION,<br />

RESIDENTIAL PV LCOE 2017<br />

0.40<br />

$/kWh<br />

0.35<br />

0.30<br />

0.25<br />

0.20<br />

0.15<br />

0.10<br />

0.05<br />

0.00<br />

800 1000 1200 1400 1600 1800 2000<br />

25GW<br />

Potential<br />

residential<br />

EMEA ASOC AMER<br />

kWh/kW/year<br />

PV market<br />

/ / / /<br />

Denmark<br />

Germany<br />

United K<strong>in</strong>gdom<br />

Japan<br />

Russia<br />

France<br />

More sun<br />

Italy<br />

Spa<strong>in</strong><br />

Brazil<br />

Note: LCOE based on 6% weighted average cost of capital, 0.7%/year module degradation, 1%<br />

capex as O&M annually. $2.07/W capex assumed for 2017<br />

Hawaii<br />

Turkey<br />

South Korea<br />

California<br />

New Jersey North India<br />

Israel<br />

Canada<br />

Argent<strong>in</strong>a<br />

North Ch<strong>in</strong>a<br />

Texas<br />

Mexico<br />

South<br />

South India<br />

Ch<strong>in</strong>a<br />

Indonesia<br />

Australia<br />

Saudi Arabia<br />

Source: Eurostat, grid operators, Bloomberg New <strong>Energy</strong><br />

F<strong>in</strong>ance<br />

MICHAEL LIEBREICH, 25 APRIL 2012 TWITTER: @MLiebreich 23

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