Solar PV Market Trends

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.