Written by Heather Clancy, GreenBiz
The initiative could have a particularly profound impact for on-site or smaller community-scale projects ranging from 1 megawatt to 10 MWs in size, according to the RMI team. “The corporate buyer will get a lower cost over time,” said Kiernan Coleman, senior associate at
RMI . . . RMI CEO Jules Kortenhorst likened the effort to the Department of Energy’s highly successful SunShot Initiative — formed back in 2011 with the aim of cutting the costs of solar energy by 75 percent. Read more here.
Photo: Kearney Community Solar
RMI Press Release Announcing The Initiative
2018 Solar Cost Reductions Will Offset Impact of New Tariffs on Panel Prices
Modular, pre-engineered and pre-assembled solar product to lower costs by additional $0.20/Wp in 2018, according to Rocky Mountain Institute and industry leaders.
Boulder, Colorado – Rocky Mountain Institute and 35 solar energy industry leaders committed to develop an ultra-low-cost solar product able to operate in a variety of environments at fully installed costs as low as $0.50/Wp. Participants at the Rocky Mountain Institute-hosted event, representing at least 15 gigawatts of solar capacity—equivalent to the capacity of 25 average-sized coal plants—identified an opportunity to reduce costs by $0.20/Wp in 2018 alone. Reducing costs at this scale would mitigate the effect of newly applied trade restrictions on solar components, keeping the solar energy industry on a maintained cost-reduction pathway. Continue reading here.
Wp (watt peak capacity) = a solar panel’s maximum power output under optimal conditions. 1,000 Wp = 1 kWp.