2015
DOI: 10.1002/ese3.98
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The great solar boom: a global perspective into the far reaching impact of an unexpected energy revolution

Abstract: This study offers a unified perspective into the unexpected solar energy photovoltaic revolution, and its far reaching impact onto both energy generation and electricity markets. Practically relevant aspects, such as those related to the value of solar PV electricity, land consumption, energy return on energy invested, reliability of the technology, the structure of the global PV industry, the cost of Li ion batteries and related market trends are clarified. We identify the main barriers to overcome for solar … Show more

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Cited by 73 publications
(58 citation statements)
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“…Likewise to what happened with photovoltaic (PV) modules, wherein tariffs rapidly enforced in the EU and in the US did not stop global expansion of solar PV energy to unprecedented levels [49], low price of citric acid boosted its adoption in market segments and world’s regions where it was not traditionally used due to high price, including many south east Asia Pacific countries and Russia, the world’s largest country, which to the best of our knowledge hosts only one citric acid plant (Fig. 3).…”
Section: Outlook and Conclusionmentioning
confidence: 99%
“…Likewise to what happened with photovoltaic (PV) modules, wherein tariffs rapidly enforced in the EU and in the US did not stop global expansion of solar PV energy to unprecedented levels [49], low price of citric acid boosted its adoption in market segments and world’s regions where it was not traditionally used due to high price, including many south east Asia Pacific countries and Russia, the world’s largest country, which to the best of our knowledge hosts only one citric acid plant (Fig. 3).…”
Section: Outlook and Conclusionmentioning
confidence: 99%
“…However, the impact of electric vehicle diffusion is not that simple when we additionally consider the synergism with the expansion of renewable generation. In particular, there is a unified view towards a solar boom throughout the world [39]. The new Korean government has also announced they will do their best to increase the share of renewable energy in the annual power generation volume.…”
Section: Conclusion and Policy Implicationsmentioning
confidence: 99%
“…34 Yet, for more than a century hydroelectric and nuclear power have been the only two alternatives available. All has changed in the last twenty years, with an unexpected boom in renewable energy, especially wind and solar power, 35 that will shortly change the global energy scenario. For example, in India a few weeks ago solar electricity was priced at 3.7 $cents/kWh, 36 which is lower than the current wholesale coal power price of 4 cents per kWh.…”
Section: First Pillar Solar Energymentioning
confidence: 99%