Solar costs have fallen 82% since 2010
The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
Sunny regions could see one-cent solar within a decade
The solar learning curve usually applied to panel costs has been extrapolated to the larger, non-module element of the price of solar electricity generated by big projects, leading one commentator to predict new solar projects could be cheaper than legacy fossil fuel plants within 10-15 years in certain markets.
Innovation shines at pv magazine awards ceremony in Abu Dhabi
The winners of the 2019 pv magazine awards have been recognized in a ceremony alongside the World Future Energy Summit. The victors spoke of the importance of innovation being recognized within the industry.
Is it worth increasing cell efficiency? A new metric tells you when
A group of scientists is proposing a new metric – the value of efficiency – to calculate the maximum allowable cost to increase a cell’s efficiency and improve the levelized cost of electricity (LCOE). The researchers expect that more regional diversification may be seen at the global level in the years to come, with the proposed metric offering higher values in North America, Central and Northern Europe, Japan, Australia, and New Zealand.
India’s renewable power generation cost the lowest in Asia Pacific
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
