Utility-Scale Solar Photovoltaic Power Plants

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With an installed capacity greater than 137 GWs worldwide and annual additions of about 40 GWs in recent years,1 solar photovoltaic (PV) technology has become an increasingly important energy supply option. A substantial decline in the cost of solar PV power plants (80% reduction since 2008)2 has improved solar PV’s competitiveness, reducing the needs for subsidies and enabling solar to compete with other power generation options in some markets. While the majority of operating solar projects is in developed economies, the drop in prices coupled with unreliable grid power and the high cost of diesel generators has driven fast-growing interest in solar PV technology in emerging economies as well.

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