ITRPV says solar module prices fell 50% in 2023

The new edition of the International Technology Roadmap for Photovoltaic (ITRPV), published this week, reveals that the world's installed PV capacity reached 1. 6 TW at the end of last year. The learning curve, which reflects average module prices relative to cumulative shipments, is 24. 9% for the period from 1976 to 2023. German engineering association VDMA has published the annual ITRPV report, now in its 15th edition. The report reveals that module shipments hit a record high of 502 WG in 2023, with cumulative installed PV capacity rising to around 1,610 TW throughout the world. Last year's ...

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