Solar Photovoltaics

Solar PV prices have dropped dramatically in recent years, albeit from a very high level. In very sunny places the unsubsidized levelized cost of solar power is competitive with retail power, and in some areas competitive with wholesale power.

Solar PV prices have dropped dramatically in recent years, albeit from a very high level. In very sunny places and/or with high retail power prices, such as southern Europe, US, Middle East, the unsubsidised levelized cost of solar power is competitive with retail power prices and in some areas is competitive with wholesale power. But as the share of solar on the grid becomes significant, wholesale electricity prices drop when solar peaks, reducing returns to projects that see time of day pricing.

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