Comment by aaronbrethorst
2 days ago
being a sentence fragment, not much! It helps to zoom out to the context of the entire sentence, where the GP says: "Whether you believe photovoltaics are the most efficient form of green energy production or not, you cannot argue the impressive economics behind them"
It's definitely impressive that the cost per watt of a PV panel is roughly 13% of where it was just 15 years ago.
You're overstating the current price of PV panels by a factor of three to five; it's closer to 3% of the 15-years-ago price than to 13%. That graph ends in 02023, at US$0.31/Wp, toward the end of the solar-panel bubble set up by the price-fixing cartel at the time. The actual current price is €0.11/Wp, or €0.06/Wp for low-cost (low-efficiency, no-warranty) panels: https://www.solarserver.de/photovoltaik-preis-pv-modul-preis...
€0.11 is 5% of US$2.39 (the Wp price on that graph from 02010), and €0.06 is 2.7% of it. However, my notes from 02016 say that the Solarserver price index for July 02010 was €1.62/Wp; sadly I did not note which module class that was. €0.11 is 6.8% of €1.62, but of course the Euro was worth more at the time...
This three-to-five-fold difference is why you're seeing this article now.
So, if I zoom out as you suggest, this means efficient doesn't mean economically efficient. What does it mean here, then? Engineering efficiency? That would make very little sense, since PV and other generating technologies have different inputs. It makes no sense to compare the efficiency of PV modules converting light to electrical energy vs. the efficiency of combustion turbines converting chemical energy to mechanical kinetic energy.
I'm not sure how you're extrapolating your argument from anything that you or I said before. Solar is generally cheaper than fossil fuels for new power generation.
https://www.scientificamerican.com/article/wind-and-solar-en...