Recovering interest rates may raise large scale solar electric price 11%
Renewables investment may by hit by rising interest rates despite the falling cost of clean energy tech just as fossil fuels avoid the impact of rising base rates.
PV cheaper than spot market electricity across Europe
The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland. New research states that is already cheaper than the average spot market electricity price and that the figure for big facilities in southern Spain may fall to €14 in 2030 and €9 in 2050.
‘True grid parity about more than electricity price’
The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.
