en.wikipedia.org/wiki/Low-carbon_economy
1 correction found
Global solar module prices fell 35 percent to less than 9 cents/kWh.
The unit is wrong. Solar module prices are quoted in cents per watt of panel capacity, not cents per kilowatt-hour of electricity.
Full reasoning
This sentence confuses the unit used for solar module hardware prices with the unit used for electricity prices.
Official sources track solar module prices in price per watt (for example, dollars or cents per watt of direct-current module capacity), not per kilowatt-hour. The U.S. Department of Energy’s Quarterly Solar Industry Update says module prices in Q3 2024 stayed near record lows at around $0.10 per watt (Wdc). S&P Global’s solar module price assessments likewise state that module prices are published in cents per watt.
So the article’s claim that module prices fell to "less than 9 cents/kWh" uses the wrong unit. A price per kWh would describe electricity output, not the purchase price of a solar module.
3 sources
- Quarterly Solar Industry Update | Department of Energy
In the third quarter (Q3) of 2024, module prices rose 1% but stayed near record lows, around $0.10/ Watt direct current (Wdc), as substantial module overcapacity continues to depress prices.
- Platts launches daily global solar module price assessments July 1 | S&P Global
The prices are published as an outright price in cents per watt on a DDP Europe, DDP US and FOB China basis.
- Solar (photovoltaic) panel prices - Our World in Data
Solar photovoltaic module price ... constant 2024 US$ per watt.