Graph of the Day: Just how much have solar PV, wind prices fallen? | RenewEconomy

Graph of the Day: Just how much have solar PV, wind prices fallen?

Two eye-popping graphs chart the extreme plunge in solar PV module prices since 2008, and the not quite so extreme drop in wind turbine prices.

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CleanTechnica

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! :D

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.

This article was originally published on CleanTechnica. Reproduced with permission

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