Paper Presented at 26th EU PVSEC, Hamburg, Germany 2011
The history and future of incentives and the photovoltaic industry and how demand is driven
Article first published online: 13 OCT 2011
Copyright © 2011 John Wiley & Sons, Ltd.
Progress in Photovoltaics: Research and Applications
Special Issue: 26th EU PVSEC, Hamburg, Germany 2011
Volume 20, Issue 6, pages 711–716, September 2012
How to Cite
Mints, P. (2012), The history and future of incentives and the photovoltaic industry and how demand is driven. Prog. Photovolt: Res. Appl., 20: 711–716. doi: 10.1002/pip.1214
- Issue published online: 24 AUG 2012
- Article first published online: 13 OCT 2011
- Manuscript Accepted: 1 AUG 2011
- Manuscript Revised: 5 JUL 2011
- Manuscript Received: 18 MAY 2011
This figure shows the trend in average photovoltaic technology prices during a period of significantly high demand growth. Growth in demand during this period was driven by the feed-in tariff incentive model. During this 5-year period, average module prices fell by a compound annual 8%, with demand growing by a compound annual rate of 65%, into gigawatt level. This paper analyzes the industry shift from high incentives to a period of low to no incentives.