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2005–2008: The First Big Solar, Supply Constraints

In: Solar Power Finance Without the Jargon

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  • Jenny Chase

Abstract

I have chosen 2005 as the first year to write about mainly because it was the year I started working full time in clean energy, but it is not unreasonable: new photovoltaic installations globally rose from 1106 MW in 2004 to 1488 MW in 2005, when the German ‘feed-in tariff’ introduced in 2004 started to kick in. This was a landmark piece of legislation that had both intended and unintended consequences, and has been both emulated and cursed. It will be a brave government that passes an uncapped feed-in tariff for solar into law again, for reasons that will become clear. However, it was a major factor in driving the dramatic cost reductions in solar, and everyone now working in the solar industry owes the German electricity consumer a debt for paying the first mover prices…

Suggested Citation

  • Jenny Chase, 2019. "2005–2008: The First Big Solar, Supply Constraints," World Scientific Book Chapters, in: Solar Power Finance Without the Jargon, chapter 6, pages 37-44, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781786347404_0006
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    More about this item

    Keywords

    Climate Change; Energy Economics; Solar Power; Renewable Resources; Sustainable Technology; Finance;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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