Explaining the plummeting cost of solar power
Tuesday, November 20, 2018 - 15:10
in Physics & Chemistry
The dramatic drop in the cost of solar photovoltaic (PV) modules, which has fallen by 99 percent over the last four decades, is often touted as a major success story for renewable energy technology. But one question has never been fully addressed: What exactly accounts for that stunning drop? A new analysis has pinpointed what caused the savings, including the policies and technology changes that mattered most.