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These costs compare to Chinese rooftop systems with costs of around USD 3.1/W, Italian rooftop systems at around USD 3.4/W, Australian systems at around USD 4.5/W and Japanese systems at around USD 4.8/W. The downward trend in installed costs for large‐scale projects in non‐OECD regions is also highlighted in Figure 6.7. 12000 10000 8000 6000 4000 2000 0 2010 2011 2012 FIGURE 6.7: SOLAR PV INSTALLED COSTS BY PROJECT AND WEIGHTED AVERAGES IN NON-OECD REGIONS FOR UTILITY-SCALE PROJECTS, 2010 TO 2012 SOURCE: IRENA RENEWABLE COST DATABASE. Utility‐scale projects in the United States are much more competitive than residential systems but, with a range of installed costs between USD 2 and USD 3.6/W and a capacity weighted average of USD 2.9/W in the second quarter of 2012, are sometimes more expensive than residential systems in Germany (BSW, 2012 and SEIA/GTM Research, 2012). However, utility‐scale projects in the development stage in the second half of 2012 in the United States are targeting costs similar to German values. Chinese and Indian ground‐mounted systems are achieving low installed costs of around USD 2.2/W and USD 1.7/W respectively on average for 2012. The Chinese figure is similar to that found in Germany, where ground‐mounted systems are expected to have an average cost of USD 2.1/W over 2012. The higher BoS costs for residential systems in the United States means that the ratio of costs for residential to utility‐scale systems is much higher, at around 2, than for Germany, where for 2012 it may eventually average only 1.2 to 1.3. Renewable Power Generation Costs in 2012: An Overview 55 2011 USD/kWPDF Image | International Renewable Energy Agency
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