100 www 1975 1985 1995 Q2-2006 Q1-2009 Q1-2011 Q4-2015 Q4-2016- Q2-2017 102 10° Cumulative Production (GW,) 103 10? 101 10' 103 This graph shows the learning curve for PV modules from 1975 up to the end of 2016. The learning rate is defined as the relative reduction in module prices expressed in (%) if the cumulative production is doubled. In 1975 the cummulative installed power was 0.002 GWp and the sales prices were 83 €/Wp. At the end of 2016 the cumulative installed power was 305 GWp and the sales prices were 0.34 €/Wp. What is the learning rate (in %) for the PV module price over this time period? Module price PVmodule Inflation adjusted €,01W.

100 www 1975 1985 1995 Q2-2006 Q1-2009 Q1-2011 Q4-2015 Q4-2016- Q2-2017 102 10° Cumulative Production (GW,) 103 10? 101 10' 103 This graph shows the learning curve for PV modules from 1975 up to the end of 2016. The learning rate is defined as the relative reduction in module prices expressed in (%) if the cumulative production is doubled. In 1975 the cummulative installed power was 0.002 GWp and the sales prices were 83 €/Wp. At the end of 2016 the cumulative installed power was 305 GWp and the sales prices were 0.34 €/Wp. What is the learning rate (in %) for the PV module price over this time period? Module price PVmodule Inflation adjusted €,01W.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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