How policy and market shifts drive the global solar energy economy
In short: Explore the economic forces shaping the renewable energy landscape, from the impact of government subsidies to the volatile dynamics of global supply and demand.
In this lecture from MIT's Fundamentals of Photovoltaics, Professor Tonio Buonassisi examines the mechanisms that determine price and profit within the energy sector. The presentation analyzes how fluctuations in supply and demand create oversupply or undersupply conditions, specifically looking at the 2011 PV module market, which faced sustained falling prices and industry consolidation.
The session also evaluates the role of support mechanisms, comparing German policy initiatives for renewables with various state-run programs in the U.S. It addresses the fundamental economic questions of why and how much to subsidize, and the broader role of photovoltaics in the global energy market.
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Sources
- Summary by Intellect · source: 19. Cost, Price, Markets, & Support Mechanisms, Part II
- Also: 2011 Lecture 19: Cost, Price, Markets, & Support Mechanisms, Part II | Fundamentals of Photovoltaics | Mechanical Engineering | MIT OpenCourseWare
- Also: 2011 Lecture 19: Cost, Price, Markets, & Support Mechanisms, Part II | MIT Learn
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