Installed cost of utility-scale PV system in the US down 17% in 3Q15; falling PV costs to spur demand, says EnergyTrend

According to EnergyTrend, prices of photovoltaic (PV) systems are in a steady decline. In the US, for example, the average installed cost of utility-scale PV systems was at US$1.38/W in the third quarter of 2015 compared with US$1.66/W in the same quarter of 2014, representing a 17% on-year drop. As PV-generated electricity reaches grid parity in more places worldwide, the market is also entering an expansionary phase with a growing number of utility-scale projects taking place. Based on EnergyTrend's recent survey on emerging markets, the respective installed capacities of India, Chile and the Philippines between the start of 2015 are respectively estimated at 827MW, 750MW and 134MW. These countries enjoyed substantial installation growth during the past year. EnergyTrend thus expects upward revisions of these figures later on as more data for 2015 are released and tallied.

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