ENERGY
The Solar PV Revolution in Numbers Solar photovoltaic technology has advanced at an astonishing pace over the past 15 years, even against a 21st century background of rapid technological progress. BY POWEROPTIMAL COO, DR SEAN MOOLMAN THE PRICE OF SOLAR PV MODULES
The price of solar photovoltaic (PV) modules has reduced by 99.6% in real terms from 1976 to 2021, from US$106.10/W (about R1600/W) to $0.33/W (about R5.10/W).[1, 2] In January 2022, spot prices for polycrystalline solar PV modules on the international market were at $0.21/W (about R3.26/W).[3]
Solar PV Module Prices (2021 $/W).
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