October 24, 2011

A Review of Solar Energy: Markets, Economics and Policies

by Govinda R. Timilsina, Lado Kurdgelashvili, Patrick A. Narbel

- This study analyzes the technical, economic and policy aspects of solar energy development and deployment. While the cost of solar energy has declined rapidly in the recent past, it still remains much higher than the cost of conventional energy technologies. Development and large-scale, market-driven deployment of solar energy technologies world-wide still has to overcome a number of technical and financial barriers. Unless these barriers are overcome, maintaining and increasing electricity supplies from solar energy will require continuation of potentially costly policy supports.

Timilsina, G.R., L. Kurdgelashvili and P.A. Narbel (2011). "A Review of Solar Energy: Markets, Economics and Policies." World Bank Policy Research Working Paper No. WPS 5845, Oct 2011.