Solar photovoltaics is ready to power a sustainable future

Victoria, Marta; Haegel, Nancy; Peters, Ian Marius; Sinton, Ron; Jäger-Waldau, Arnulf; del Cañizo, Carlos; Breyer, Christian; Stocks, Matthew; Blakers, Andrew; Kaizuka, Izumi; Komoto, Keiichi; Smets, Arno

doi:10.1016/j.joule.2021.03.005

Title: Solar photovoltaics is ready to power a sustainable future

Journal Article · Mon Mar 29 00:00:00 EDT 2021 · Joule

DOI:https://doi.org/10.1016/j.joule.2021.03.005· OSTI ID:1781630

Victoria, Marta ^[1]; Haegel, Nancy ^[2]; Peters, Ian Marius ^[3]; Sinton, Ron ^[4]; Jäger-Waldau, Arnulf ^[5]; del Cañizo, Carlos ^[6]; Breyer, Christian ^[7]; Stocks, Matthew ^[8]; Blakers, Andrew ^[9]; Kaizuka, Izumi ^[10]; Komoto, Keiichi ^[11]; Smets, Arno ^[12]

Aarhus Univ. (Denmark)
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Forschungszentrum Juelich (Germany)
Sinton Instruments, Boulder, CO (United States)
European Commission, Ispra (Italy). Joint Research Centre
Univ. Politecnica de Madrid (Spain)
LUT Univ., Lappeenranta (Finland)
Australian National Univ., Canberra, ACT (Australia)
Australian Atomic Energy Commission Research Establishment, Lucas Heights, NSW (Australia)
RTS Corporation (Japan)
Mizuho Information & Research Institute, Tokyo (Japan)
Delft Univ. of Technology (Netherlands)

Thanks to fast learning and sustained growth, solar photovoltaics (PV) is today a highly cost-competitive technology, ready to contribute substantially to CO₂ emissions mitigation. However, many scenarios assessing global decarbonization pathways, either based on integrated assessment models or partial-equilibrium models, fail to identify the key role that this technology could play, including far lower future PV capacity than that projected by the PV community. In this perspective, we review the factors that lie behind the historical cost reductions of solar PV and identify innovations in the pipeline that could contribute to maintaining a high learning rate. We also aim at opening a constructive discussion among PV experts, modelers, and policymakers regarding how to improve the representation of this technology in the models and how to ensure that manufacturing and installation of solar PV- can ramp up on time, which will be crucial to remain in a decarbonization path compatible with the Paris Agreement.

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Research Organization:: National Renewable Energy Lab. (NREL), Golden, CO (United States)

Sponsoring Organization:: Bavarian State Government; Innovation Fund Denmark; European Commission-H2020; Spanish Ministerio de Ciencia, Innovación y Universidades; Comunidad de Madrid; USDOE

Grant/Contract Number:: AC36-08GO28308

OSTI ID:: 1781630

Report Number(s):: NREL/JA-5K00-78595; MainId:32512; UUID:12ab6bca-1772-4523-a142-fe8031351533; MainAdminID:22367

Journal Information:: Joule, Vol. 5, Issue 5; ISSN 2542-4351

Publisher:: Elsevier - Cell PressCopyright Statement

Country of Publication:: United States

Language:: English

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Title: Solar photovoltaics is ready to power a sustainable future

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