Featured in Nothing cheaper under the sun – 01-2021

Exceeding all expectations

Forecasts for the levelized cost of electricity (LCOE) of solar PV were hotly contested over the past decade, with one trend predominating: All but the most optimistic outlooks were wrong. pv magazine has gathered data to showcase the recent evolution of solar PV energy costs, and the results are stark. Within just a few years, initial projections become outdated, which means that forecasts of solar PV prices are more art than science.

By

Ilias Tsagas

15 Jan 2021

Photo: JinkoSolar/ Source: pv magazine/ Ilias Tsagas

The dawning of a new year is a time for commitments, fresh starts, forecasts and projections. One such projection that tends to attract a lot of attention is the estimated costs for future energy technologies – including solar PV. It appears almost certain, though, that all but the best projections concerning PV costs are almost …

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