Wind and solar PV capacity has grown very rapidly in many countries, thanks to supportive policy and dramatic falls in technology cost. (iea.org)
As technology costs fall, the tariff rates paid to owners of new installations can systematically and logically be lowered over time in order to reduce the overall costs of the program. (climaterealityproject.org)
Thanks to falling technology costs — which dropped 58 per cent between 2010 and 2015 — solar is emerging as the leading source of new electricity in countries around the world. (cleanenergycanada.org)