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SUMMARY
By the end of this decade we can expect solar panels to drop to $1 a watt, which according to Mckinsey & Co, will have significant impact on the power sector in OECD countries. GM's new infograph shows the effects of the downsizing revolution in cars, while EV World's publisher investigates the future role of commercial aquaponics.
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INSIDER ILLUSTRATED EDITION 12.18

SOLAR TIPPING POINT

Solyndra maybe a dirty word in some circles these days, but it is also an important signpost that shows we’re at a tipping point in the economics of solar power. The reason the company went under is because others were offering products at lower per watt costs. Chinese manufacturers have driven down solar panel production costs from $4 per Watt peak in 2008 to around $1 today. Balance of system costs for wiring, racks, inverters similarly fell to around $2 per Wp in 2012.

Writes McKinsey & Company in “Solar power: Darkest before the Dawn,” growth in the solar PV industry after 2012 has the potential of “reaching a tipping point in 2014 or 2016 that could enable unsubsidized demand for solar PV to grow between 200 and 700 GW by 2020.”

They see most of the growth in the USA being in residential and commercial installation in distribution generation arrangements, reaching an installed capacity of between 80-130GW, much of it in 10 Sunbelt states (see map on page 3).

CONTINUED.....

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