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Solar PV Module Prices Have Fallen 80% Since 2008, Wind Turbines 29%

I know most of you have seen such graphs many times, but I can’t resist sharing another one every once in awhile. And the truth is, a lot of people are completely oblivious to this. Those who follow cleantech news know the strong trend, but the common person certainly doesn’t. Do everyone a favor — share this graph with your friends! 😀

price of solar drop 2008 80 percent

Wind Power Prices Also Dropping

Wind turbine prices have followed a similar (if not quite as extreme) trend. Since 2008, wind turbine prices have fallen 29%. Wind power is more mature than solar. It is already the cheapest electricity option in many or even most places. You can see in the graph below that it had most of its massive price drops in the 1990s.

lcoe wind power

The full BNEF presentation those graphs come from was a presentation at the  Clean Energy Ministerial in Delhi, India on April 17, 2013.

Stay tuned, because I’ve got a post coming in about one hour that goes very well with these, but takes things even a step further.

 
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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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