LEARNING MECHANISMS BEHIND THE COST DECLINE OF CRYSTALLINE SILICON (c-Si) SOLAR PHOTOVOLTAIC (PV) MODULES

2023-2
Semiz, Emel
This dissertation aims at understanding different learning mechanisms behind the cost decline of c-Si solar PV modules. Among all renewable energy technologies, solar PV energy has had the highest installation rate and the largest cost decrease in the last 10 years. Learning curves, which demonstrate a constant change in unit costs against each doubling of global cumulative output, have been the most often used tool in the PV roadmaps to explain the mechanism that causes the insistent fall in costs. However, this approach attributes the decrease in cost merely to one factor which is known as learning by doing, thereby bringing along some risks like overestimation of the investigated effect and suppression of other potential causes. Hence, it prevents the resources to be allocated more efficiently. In the study, first, an econometric panel data analysis was carried out based on 11 PV manufacturing companies listed in the US Stock Exchange between 2003 and 2019. Following, semi-structured interviews were conducted with 19 PV experts from multiple regions of the world. By this qualitative part, the underpinning causes and instruments that enabled the learning patterns examined in the preceding quantitative analysis were inquired. As a result, some factors that were associated with different dimensions of learning were investigated under control of some external technological and industrial factors. Thus, the researching and interacting attitudes within the firms and the dynamic capabilities that they might have embodied were directly or indirectly revealed and justified through successively carried out econometric analysis and expert elicitations. Finally, based on the overall findings attained upon expert interviews, policy recommendations at international and national levels as well as firm level strategy suggestions were made in order to maintain the technology and cost improvements in the PV manufacturing industry.

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Citation Formats
E. Semiz, “LEARNING MECHANISMS BEHIND THE COST DECLINE OF CRYSTALLINE SILICON (c-Si) SOLAR PHOTOVOLTAIC (PV) MODULES,” Ph.D. - Doctoral Program, Middle East Technical University, 2023.