Thin-film solar photovoltaic (PV) module manufacturer First Solar, of the US, remains optimistic about prospects for its solution in South Africa, despite a sharp decline in the prices bid for PV projects during the most recent bid window under the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Regional director for sub-Saharan Africa Johan Cilliers believes that PV tariffs have “bottomed” and are unlikely to fall further, particularly in light of rising global demand for modules and ongoing industry consolidation. During the third REIPPPP bid window the average price tendered fell to R881/MWh, compared with R1 645/MWh in the second round and R2 758/MWh in the first.
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Regional director for sub-Saharan Africa Johan Cilliers believes that PV tariffs have “bottomed” and are unlikely to fall further, particularly in light of rising global demand for modules and ongoing industry consolidation. During the third REIPPPP bid window the average price tendered fell to R881/MWh, compared with R1 645/MWh in the second round and R2 758/MWh in the first.
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