Lecture

Solar PV Market Trends

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Description

This lecture covers the evolution of the global solar PV market, highlighting key trends such as the growth in cumulative installed capacity, the decreasing costs of PV modules, and the shift in system sizes. It also discusses the levelized cost of electricity (LCOE) for grid-connected solar electricity, the learning curve for PV module costs, and the potential of PV on Swiss buildings. The instructor emphasizes the importance of PV in decarbonization efforts and the macroeconomic reasons for transitioning to renewables. Additionally, it explores the impact of low-cost PV on various markets and the challenges and risks associated with PV integration into the energy grid.

Official source

Ontological neighbourhood

Energy engineering

Solar power: Topics in solar power

Environmental science

Environmental policy: Topics in environmental policy

Related concepts (32)

Solar panel

A solar panel is a device that converts sunlight into electricity by using photovoltaic (PV) cells. PV cells are made of materials that generate electrons when exposed to light. The electrons flow through a circuit and produce direct current (DC) electricity, which can be used to power various devices or be stored in batteries. Solar panels are also known as solar cell panels, solar electric panels, or PV modules. Solar panels are usually arranged in groups called arrays or systems.

Photovoltaic system

A photovoltaic system, also PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to absorb and convert sunlight into electricity, a solar inverter to convert the output from direct to alternating current, as well as mounting, cabling, and other electrical accessories to set up a working system. It may also use a solar tracking system to improve the system's overall performance and include an integrated battery.

Energy transition

An energy transition (or energy system transformation) is a significant structural change in an energy system regarding supply and consumption. Currently, a transition to sustainable energy (mostly renewable energy) is underway to limit climate change. It is also called renewable energy transition. The current transition is driven by a recognition that global greenhouse-gas emissions must be drastically reduced. This process involves phasing-down fossil fuels and re-developing whole systems to operate on low carbon electricity.

Solar cell

A solar cell, or photovoltaic cell, is an electronic device that converts the energy of light directly into electricity by the photovoltaic effect, which is a physical phenomenon. It is a form of photoelectric cell, defined as a device whose electrical characteristics, such as current, voltage, or resistance, vary when exposed to light. Individual solar cell devices are often the electrical building blocks of photovoltaic modules, known colloquially as solar panels.

Renewable energy

Renewable energy is energy from renewable resources that are naturally replenished on a human timescale. Renewable resources include sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy is often used for electricity generation, heating and cooling.

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