40 maybe the new 20
Until recently, PV plants were designed and developed to last as long as the incentive schemes underpinning their business models – feed-in tariff regimes and green certificate programs, in particular. Such schemes generally provided for a period of 20 to 25 years and the horizon of developer business models was set to match this. But as solar has matured and costs have fallen, longer operational periods are becoming the norm, argues Christophe Campistron, a partner at Everoze.
The dramatic reduction of PV technology costs since 2008 has changed the perception of solar as a source of electricity. It is now one of the most competitive sources of power, if not the cheapest one in many regions – meaning that it is no longer reliant on government-subsidized revenue streams.For existing and future assets, …
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