2022
DOI: 10.1038/s41586-022-05316-6
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Quantifying the cost savings of global solar photovoltaic supply chains

Abstract: Achieving carbon neutrality requires deploying renewable energy at unprecedented speed and scale, yet countries sometimes implement policies that increase costs by restricting the free flow of capital, talent, and innovation in favor of localizing benefits such as economic growth, employment, and trade surpluses. Here we assess the cost savings from a globalized solar photovoltaic (PV) module supply chain. We develop a two-factor learning model using historical capacity, component, and input material price dat… Show more

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Cited by 84 publications
(35 citation statements)
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“…The installed capacity of solar PV systems is expected to reach 4,600 GW by 2050 and avert up to 4 Gt of CO 2 emissions annually (Wang and Cong, 2021). Currently, the world's PV power capacity accounts for about 1% of total power capacity, by 2030, it is expected to provide 15% of the global electricity supply (Helveston et al, 2022), crucially helping achieve global carbon neutrality (Liu et al, 2012).…”
Section: Introductionmentioning
confidence: 99%
“…The installed capacity of solar PV systems is expected to reach 4,600 GW by 2050 and avert up to 4 Gt of CO 2 emissions annually (Wang and Cong, 2021). Currently, the world's PV power capacity accounts for about 1% of total power capacity, by 2030, it is expected to provide 15% of the global electricity supply (Helveston et al, 2022), crucially helping achieve global carbon neutrality (Liu et al, 2012).…”
Section: Introductionmentioning
confidence: 99%
“…25 The global supply chain of PV panels dominated by China has contributed to the cost savings for boosting the installation. 26 Based on the inventory data of PV panel production in the ecoinvent database, 64% of silicon wafer is supplied from rest of world, namely China. Thus, PS1 also reflects the situation that most of installed PV panels are imported from a country without further decarbonization.…”
Section: Discussionmentioning
confidence: 99%
“…A reshored manufacturing base in solar PV may provide benefits such as more direct local employment and a more resilient energy supply system. Foreign manufacturers may be risky, impractical, or undesirable partners for public funds, whereas establishing a strong link between public funding of research and development and the domestic private sector has been identified as crucial to achieving climate goals, both by lowering the risks of scale-up and by granting access to markets 57 . The reshoring decision and climate agendas harmonize to ramp up climate actions, as carbon emission factors and EPBT of c-Si PV reshored manufacturing in the future reduce dramatically.…”
Section: Insightsmentioning
confidence: 99%