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It has been shown that the PV module price will most likely to be halved again and BoS price will decrease by more than 35% by 2030, leading to an overall PV system CAPEX reduction of about 45%. It must be noted that this development does not require any major technology breakthroughs but is a natural cause from continuing efforts in reducing materials use, impoving efficiency and developing manufacturing processes. At the same time, PV system OPEX is expected to decrease by 30%. PV LCOE will decrease by 30-50% from 2014 to 2030, depending on the volume growth and learning rate.



Tracking the global progress in PV markets and industry systematically since 1992, the “Trends Report” is one of the flagship publications of the IEA PVPS Programme and an important source of unbiased and objective information.

Projected Costs of Generating Electricity – 2015 Edition

Projected Costs of Generating Electricity – 2015 Edition is the eighth report in the series on the levelised costs of generating electricity. This report presents the results of work performed in 2014 and early 2015 to calculate the cost of generating electricity for both baseload electricity generated from fossil fuel thermal and nuclear power stations, and a range of renewable generation, including variable sources such as wind and solar. It is a forward-looking study, based on the expected cost of commissioning these plants in 2020.


PV Status Report 2014

The unique format of the Photovoltaic Status Report combines international up-to-date information of Photovoltaics. These data are collected on a regular basis from public and commercial studies and crosschecked with personal communications. Regular fact-finding missions with company visits, as well as meetings with officials from funding organisations and policy makers, complete the picture. Growth in the solar Photovoltaic sector has been robust. The Compound Annual Growth Rate over the last decade was over 50%, thus making photovoltaics one of the fastest growing industries at present. The PV Status Report provides comprehensive and relevant information on this dynamic sector for the public interested, as well as decision-makers in policy and industry. This publication is a Science and Policy Report by the Joint Research Centre of the European Commission.


The International Energy Agency (IEA), an autonomous agency, was established in November 1974.

Its primary mandate was - and is - two-fold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 29 member countries and beyond.

Current and Future Cost of Photovoltaics, February 2015

Long-term Scenarios for Market Development, System Prices and LCOE of Utility-Scale PV Systems.


IEA PVPS Trends in PV Applications 2014

The 19th edition of the international survey report on Trends in Photovoltaic (PV) Applications provides an overview of PV power systems applications, markets and production in the reporting countries and elsewhere at the end of 2013 and analyzes trends in the implementation of PV power systems between 1992 and 2013. The survey is carried out as part of the IEA PVPS Programme’s work.

IRENA Working Paper 2012_Cost Analysis Series: Solar Photovoltaics

This paper is part of a series on the costs and performance of renewable energy technologies produced by the International Renewable Energy Agency (IRENA). The goal of these papers is to assist government decision-making and ensure that governments have access to up-to-date and reliable information on the costs and performance of renewable energy technologies.