European Technology & Innovation Platform PhotoVoltaics
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Fact sheets about Photovoltaics

Fact sheet: PV the cheapest electricity source almost everywhere (May 2019)


According to the base scenario by the European Technology and Innovation Platform for Photovoltaics, the cumulative global PV capacity would increase from the end of year 2018 figure of 0.50 TWp to about 3 TWp by 2030 and to 20 TWp by 2050.


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Supporting the Development of the European PV Industry and Markets through Enhanced Quality (September 2017)


The position of the European PV Industry will be strengthened by focusing on quality at all levels, resulting in new jobs and a long-term sustainable future for all interested parties, including society at large.


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PV generation is fit for modern, active power networks - Update 2017 (August 2017)


Global PV capacity is on an exponential trend, with more new capacity being added every year than the year before. Over 2016, global installed capacity grew by 33% to reach 307 GW. In Germany, PV now represents about 21% of the power generation capacity.


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PV is already a competitive electricity source (May 2017)


The cost of photovoltaic (PV) systems has decreased dramatically over the past years. Market prices of PV modules have decreased by 90% during the last eight years. PV has reached parity with retail electricity in most countries and market segments, and wholesale parity is approaching at many markets.


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BUILDING-INTEGRATED PV – WHERE SUSTAINABILITY MEETS AESTHETICS (January 2015)


PV integration offers many opportunities for visual enhancement. By combining aesthetics and additional func-tions, Building-Integrated PV (BIPV) is unique and differentiates itself from Building-Added PV (BAPV), where the PV module is added after the whole building is finished.


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PV IS ALREADY AMONG THE CHEAPEST POWER TECHNOLOGIES


The cost of photovoltaic (PV) systems has decreased dramatically over the past years. Parity with retail electricity and oil-based fuels has been reached in many countries and market segments, and Wholesale parity is approaching at some markets. The concept of Levelised Cost of Electricity (LCOE) is used for making fair comparisons with electricity prices and the cost of other power generation technologies. In this report, LCOE is defined to be the generation cost, i.e., including all the costs involved in supplying PV power at the point of connection to the grid. PV LCOE is based on PV system Capital (CAPEX) and operational (OPEX) expenditure and includes the costs and profit margins ofthe whole value chain including financing, project development, manufacturing, installation, operation and maintenance.


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What is Photovoltaics and its application?


Photovoltaic (PV) is a marriage of two words: “photo”, meaning light, and “voltaic” meaning electricity. Photovoltaic technologies are used to convert solar energy (light) into electricity.


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Some people state that “The energy balance is negative: Manufacturing a PV system consumes more energy than it ever produces in its life time.”


The fact is: Photovoltaic (PV) systems, like every other product, do need energy for manufacturing. PV systems pay back this energy input within 1 to 3 years, depending on cell type and installation location. During its expected lifetime of 30 years, the PV system produces therefore 10 to 30 times the energy it originally consumed.


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Some people state that “Decentralised PV systems are not sufficient for commercial requirements.”


The fact is: For most stand-alone applications, photovoltaic (PV) power systems generate the least cost electricity over the lifetime of the project. Moreover, solar energy can provide technically viable autonomous solutions for a very wide range of applications from small elementary domestic needs to industrial energy service applications, from individual plants of a few watts to village or island micro grids up to the MW range.


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