|
|
Sign up for our newsletter to receive the latest news and information from publics.bg
News
World news
03.02.2011 12:41
© U.S. Army Environmental Command @ flickr.com
A major new report published yesterday by the European Photovoltaic Industry Association (EPIA) and Greenpeace International investigates the outcomes of three potential industry scenarios up to 2050.
In all three scenarios in the report, the report predicts the cost of PV will continue to decline as technologies become more efficient and better intergrated into the design of new buildings. It predicts that by 2020 the share of electricity coming from PV sources in Europe could reach 12 per cent. The report claims that the cost predictions, driven in part by economies of scale in light of global photovoltaic capacity, totalling 40,000MW in 2010, show that the technology is on the brink of an economic breakthrough.
According to the report’s most ambitious scenario, the global PV sector could rise employment levels to 1.37 million people by 2015, and 3.55 million in 2030. It predicts the sector could also attract €70bn of investment a year by 2015, doubling from the €35-40bn invested last year. Investment would then continue to rise to €129bn a year by 2020.
The report claims this paradigm shift is achievable if governments establish appropriate and flexible feed-in-tariffs (FiT) as well as route maps to ensure the cost of PV becomes at least as cheap as conventional power – a scenario known as grid parity.
All world news
Interview 
Full text
Events 
