A thread on PV expectations for the coming ten years:
higher efficiences and lower costs due to a host of new technologies.
My take-away: the solar energy hurricane is still gaining strength.
Learning in solar production (Swansons' Law) is not slowing down but speeding up!
We often say every doubling of production lowers solar module prices by 20%
but from 1976 to 2022 it was 24.4%
and from 2006 to 2022 it was 39.3%
Solar is becoming incredibly cost effective.
This is partly due to cheaper production "per piece" (15%) and partly due to the efficiency of each piece getting higher (8%).
NREL expects prices for installation and per kWh to reduce by around 30% in the coming ten years.
(I think price reductions will probably be higher than expected again.)
https://twitter.com/aukehoekstra/status/1671062159713861633?s=46