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1000 ECONOMIC ANALYSIS OF PV SYSTEMS<br />

2. BP Solar (a unit of British Petroleum, that merged with the US firm Solarex and<br />

presently has plants in US, Spain, Australia, and India) 54.4 MW p<br />

3. Kyocera (a major Japanese electronics, equipment, and materials company) 54.0 MW p<br />

4. Siemens and Shell Solar GmbH (investments by German/Dutch conglomerate Shell<br />

and Siemens AG whose main production is in the US) 48.3 MW p<br />

5. AstroPower (independent US manufacturer) 26.0 MW p<br />

6. RWE Solar (a unit of the German Utility RWE that merged with ASE Americas<br />

22.7 MW p<br />

7. Isofoton (independent Spanish manufacturer of PV and solar thermal technology)<br />

18.7 MW p<br />

8. Sanyo (a major Japanese maker of electronic consumer products, semiconductors,<br />

batteries, etc; PV products made by Solec International division) 16.0 MW p<br />

9. Mitsubishi (a Japanese conglomerate providing a wide range of products and services)<br />

14.0 MW p<br />

10. Photowatt (a unit of Matrix Solar Technologies, owned by a Canadian corporation<br />

ATS) 13.5 MW p .<br />

Despite the changes in the makeup of the industry, progress has been sustained<br />

by gains in performance and reductions in cost. PV module prices in $/W p declined by<br />

an order of magnitude over the nearly 20-year period ending in 1994[11]. This experience,<br />

shown in Figure 21.8, is based primarily on data for crystalline-silicon modules,<br />

but is said to be representative of other flat-plate module technologies as well. The projection<br />

beyond 1994 is based on a fit of the data for module price versus cumulative<br />

100<br />

Avg. module price<br />

[1992$/W p ]<br />

10<br />

1<br />

1976<br />

1980<br />

1984<br />

1994<br />

0.1<br />

0.1 1 10 100 1000 10000 100000 1000000<br />

Installed modules<br />

[MW p ]<br />

Figure 21.8 PV module price trends. Adapted from [11]. Copyright © 2002. Electric Power<br />

Research Institute. EPRI TR-109496. Renewable Energy Technology Characterizations, Topical<br />

Report

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