costs

Researchers in Germany have stated that agrivoltaic projects are still considerably more expensive than ground-mounted PV plants. They found the agrivoltaic developers may incur higher costs during the approval process or due to design constraints. Furthermore, the use of special components such as modules, mounting systems and trackers may significantly increasing a project’s cost, especially if vertical plants are planned or the modules must be elevated to let the agricultural machinery operate underneath.

The cataclysmic bushfire season ravaging the nation is a reminder of the risk climate change poses to Australia’s economic and social prosperity. An international roadmap to freedom from fossil fuels by 2050 produced by the U.S.’ Stanford University says Australia needs another 280 GW of solar and tens of billions of dollars of investment to turn down the heat.

Solar and/or wind are said to be the cheapest source of new energy generation in all major economies, apart from Japan, finds BloombergNEF. It adds that China’s utility-scale PV market has contracted by over a third this year; and that battery costs are set to drop a further 66% by 2030, driven by EV adoption.