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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RESIDENTIAL ELECTRICITY PRICE 2012, INSOLATION,<br />
RESIDENTIAL PV LCOE 2020<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. $1.80/W capex assumed for 2020<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 26
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