Effects of the Financial Crisis on Photovoltaics: An Analysis of Changes in Market Forecasts from 2008 to 2009

Bartlett, J. E. ; Margolis, R. M. ; Jennings, C. E.

National Renewable Energy Laboratory (U.S.)

关键词: Solar Energy;    Financial Crisis;    14 Solar Energy;    Pv;    Solar Photovoltaics;   

DOI  :  10.2172/965980
RP-ID  :  NREL/TP-6A2-46713
RP-ID  :  AC36-99-GO10337
RP-ID  :  965980

美国|英语

来源: UNT Digital Library

【 摘 要 】

To examine how the financial crisis has impacted expectations of photovoltaic production, demand and pricing over the next several years, we surveyed the market forecasts of industry analysts that had issued projections in 2008 and 2009. We find that the financial crisis has had a significant impact on the PV industry, primarily through increasing the cost and reducing the availability of investment into the sector. These effects have been more immediately experienced by PV installations than by production facilities, due to the different types and duration of investments, and thus PV demand has been reduced by a greater proportion than PV production. By reducing demand more than production, the financial crisis has accelerated previously expected PV overcapacity and resulting price declines.