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Europe Solar Power Advisory
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Apr 16, 2009
Europe Solar PV Cost Trends and Analysis
Installed costs for PV systems in Europe are dropping significantly for the first time in four years, with average turnkey system prices currently approaching €4 per watt for fixed C-Si systems larger than 1 MW in size. Module price reductions in the near term are expected to significantly drive down the cost at which PV can generate energy, accelerating the technology’s market penetration.
Total PV system costs in Europe vary significantly from those observed in the US, due to high European incentives and demand, which raise the price at which systems can still be profitable. For more information see EER’s US Solar PV Cost Trends and Analysis.
This Analysis is available to Europe Solar Power Advisory clients only. If you are interested in becoming an EER Advisory client, please contact eersales@emerging-energy.com.
Solar PV Development Strategies in Europe, 2008-2020 (EER Market Study)
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