From Innovation to Commercialization - The Story of Solar Cells
During the last two decades, a phenomenal growth has taken place in the deployment of solar cells or panels. The market has grown from about 40 MW in 1990 to more than 1500 MW in 2010, and the price of the panels has gone down from about $7 /watt to less than $2 /watt during the same period. Innovation has played a key role in reducing the cost of manufacturing of the cells and modules. The goal is to reach grid parity without any incentive or subsidy.