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levelized cost of energy

Europe had just 650 MW of solar cell manufacturing capacity at the end of 2020

The latest update to the Photovoltaics Report produced by research organization the Fraunhofer ISE has offered up the usual slew of interesting stats on the state of solar across the continent.

New renewables cheaper than legacy coal or gas for almost half the world’s population

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

‘Low-cost renewable hydrogen may already be in reach’

If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?

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Solar and wind could provide half of 2040 power mix across 22 African nations

The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the continent with hundreds of regional sites which offer rich solar and onshore wind potential, to determine what could be possible.

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No bifacial solar in West Africa? That’s likely to change soon

A technology-focused event held by the Africa Solar Industry Association has heard development pipelines across the continent are swiftly changing to accommodate double-sided PV panels, and that’s good news for solar tracker providers too.

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Italy should embrace solar, not gas to hit raised climate ambition

Instead of splurging €11 billion of EU cash on uneconomic new generation capacity, the Italian authorities–and electricity bill payers–would be better served investing in a mix of current clean power technologies which would include almost 17 GW more solar capacity.

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Solar power has to be about quality as well as quantity

Greater dispatchability will be required from solar as it becomes increasingly mainstream worldwide, or investors could experience diminishing returns as a victim of the technology’s success at bearing down on electricity prices.

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Solar could play big role in helping renewables displace UK’s planned gas fleet

Each 1.8 GW of new gas generation capacity could be replaced by 1.7 GW of solar as part of a cleaner, 6.3 GW collection of renewables and energy storage facilities–and that alternative already comes in cheaper than the business-as-usual approach, according to the Carbon Tracker thinktank.

It’s cheaper to build new solar than it is to operate coal plants

New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.

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Exclusive interview – Jinko Power on how it offered the world’s lowest solar power price

pv magazine’s Amjad Khashman has spoken to Chinese solar developer Jinko Power about negotiating the world record low price tariff agreed for electricity generated at the Al Dhafra solar project in Abu Dhabi.

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