Cost of Electricity - PV
LCOE OF PV, FEBRUARY 2014
4
/ / / /
FORECAST COSTS FOR GROUND MOUNTED PV
PROJECTS, 2010-2020 (2013 $/W)
Source: Bloomberg New Energy Finance
Note: Based on experience curves for each component, with estimates for historical years from developer
documents. Methodology here http://bnef.com/Insight/1954 though charts updated January 2014
1.95
1.35
0.75
0.71
0.72
0.65
0.60
0.56
0.52
0.49
0.47
0.32
0.21
0.12
0.13
0.12
0.11
0.10
0.10
0.10
0.09
0.09
0.53
0.50
0.27
0.27
0.26
0.25
0.24
0.24
0.23
0.23
0.23
0.43
0.41
0.32
0.32
0.31
0.30
0.29
0.28
0.28
0.27
0.27
0.19
0.18
0.15
0.15
0.14
0.14
0.13
0.13
0.13
0.12
0.12
3.42
2.64
1.61
1.58
1.55
1.44
1.37
1.31
1.25
1.21
1.16
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Module Inverter Balance of plant EPC Other
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