The past two decades have seen a boom in solar, driven by falling costs and rising efficiencies, with global capacity additions reaching 176 GW in 2021. Most PV generating capacity added to date has been standalone projects, driven by subsidies, tenders and the drive for the lowest levelized cost of electricity (LCOE). But as the penetration rate of standalone solar increases, so does the potential for a negative impact on power markets and network stability, writes Jason Sheridan of IHS Markit.
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