Empirical Analysis of Factors Influencing Price of Solar Modules
Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Inagaki, Yugo | April 2018
Abstract
The solar energy market has seen huge growth in recent years with a vast increase in solar cumulative capacity worldwide. One of the key drivers behind this growth is the decline in solar module prices. Thus, the price reduction mechanism in solar modules has become an important topic as the role of solar electricity in the overall energy supply and the market value of solar modules grow globally. Many empirical analyses have been carried out to unveil the mechanism behind this price reduction. However, the researches performed on the price reduction mechanism of solar modules over the years have focused purely on the technological aspect of the manufacturing. When analyzing price, the influence of economic factors such as interest rate and exchange rate must also be taken into consideration to achieve a precise analysis. In this paper, an oligopolistic model and econometric method are used to determine the economic factors that have an influence on solar module prices.
Citation
Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Inagaki, Yugo. 2018. Empirical Analysis of Factors Influencing Price of Solar Modules. © Asian Development Bank Institute. http://hdl.handle.net/11540/8292.Keywords
Development In East Asia
Development Planning
Development Research
Development Financing
Development Policies
Infrastructure Development
Project Development
Systems Design & Development
Alternative energy development
Energy Economics
Renewable Energy
ADB
Development assistance
Infrastructure projects
Sustainable growth
Energy
Infrastructure projects
Sustainable growth
Energy
Development policy
Development strategy
Infrastructure projects
Alternative energy program
Alternative energy technology
Energy Subsidies
Solar energy policy
Development banks
Infrastructure
Joint venture
Energy policy
Renewable energy source
Solar energy
Energy development
Technology
Sun
Energy resource
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