The past decade has seen rapid growth in the photovoltaics industry, followed in the past few years by a period of much slower growth. A simple model that is consistent with this historical record can be used to predict the future evolution of the industry. Two key parameters are identified that determine the outcome. One is the annual global investment in manufacturing capacity normalized to the manufacturing capacity for the previous year (capacity‐normalized capital investment rate, CapIR, units $/W). The other is how much capital investment is required for each watt of annual manufacturing capacity, normalized to the service life of the assets (capacity‐normalized capital demand rate, CapDR, units $/W). If these two parameters remain unchanged from the values they have held for the past few years, global manufacturing capacity will peak in the next few years and then decline. However, it only takes a modest improvement in CapIR to ensure future growth in photovoltaics. Several approaches are presented that can enable the required improvement in CapIR. If, in addition, there is an accompanying improvement in CapDR, the rate of growth can be substantially accelerated. Copyright © 2016 John Wiley & Sons, Ltd. This study suggests that growth in photovoltaics (PV) manufacturing in the next decade will not happen unless there is an improvement in PV economics that increases the rate of investment to a level sufficient to replace manufacturing assets as they are retired. Several ways to encourage the required increase in investment are presented. If the needed improvement in investment is indeed realized, then reducing the capital cost of new manufacturing capacity can significantly accelerate the growth of the PV industry.


    Zugriff

    Zugriff über TIB

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Paths to future growth in photovoltaics manufacturing


    Beteiligte:
    Basore, Paul A (Autor:in)

    Erschienen in:

    Erscheinungsdatum :

    2016




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Print


    Sprache :

    Englisch



    Klassifikation :

    BKL:    53.36 Energiedirektumwandler, elektrische Energiespeicher



    Paths to future growth in photovoltaics manufacturing

    Basore, Paul A | Online Contents | 2016


    The Future of CdTe Photovoltaics

    Meyers, P.V. | Online Contents | 1995


    Future trends in space photovoltaics

    Gledhill, Kristen / Marvin, Dean | AIAA | 1994


    Future trends in space photovoltaics

    Gledhill, K. / Marvin, D. | IEEE | 1994


    Future Trends in Space Photovoltaics

    Marvin, D. / Gledhill, K. / American Institute of Aeronautics and Astronautics | British Library Conference Proceedings | 1994