The US Energy Department set a goal of achieving 2 cents/kWh by 2030, and announced an initial $128 million in funding to support technology development.
pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.
A nation famous for high electricity prices has seen power costs fall 15% this year, according to analyst Wood Mackenzie, a figure which will help attract $100 billion of solar and wind investment to 2030. Renewables will have to work even harder, however, to displace fossil fuels in hydrogen production.
An insider at the China Photovoltaic Industry Association has told pv magazine there was an end-of-year rally after less than 18 GW of new capacity was installed to the end of November.
Almost all of the energy supplied in the Buddhist kingdom of Bhutan comes from 1.67 GW of hydropower capacity but with a rising population and energy demand, and an expanding economy, the 12 GW of solar the International Renewable Energy Agency estimates the Himalayan nation could host might reduce the risk of climate change-related blackouts.
Although the International Energy Agency’s latest renewables report forecasts impressive solar growth there is still a nagging feeling it has produced conservative estimates and the emphasis on sharing costs with grid operators is predictable.
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