2014 marked the consolidation of photovoltaic energy at global level. Beyond its environmental benefits, photovoltaic energy has reached maturity thanks to its economic competitiveness. Well-known investment houses such as Lazard and UBS advise their clients that the new photovoltaic industry, that has reduced its costs by 85% since 2007 to date, has now overtaken nuclear and gas technologies in economic terms. And these costs are expected to continue to fall by about 3% per annum, as could be seen at the I Spanish Solar Forum that took place at the end of 2014.
The change in energy model towards clean energy is already a reality, proof of which can be seen in the fact that the investments made in renewables in 2014 exceeded 300Bn$ worldwide, 16% up on 2013. A recent study published by Bloomberg New Energy Finance highlighted that in 2014 solar accounted for almost half of these investments, the biggest growth in its history. Specifically, 2014 broke a historic record in new installed PV capacity in the world, exceeding 50,000 new MW.
José Donoso Alonso
General Manager of UNEF,the Spanish Photovoltaic Union
Article published in: FuturENERGY January-February 2015