A simple comparison of per-MWh costs for solar versus PacifiCorp’s existing coal-fired generation found that new solar would cost less than the going-forward costs of 11 coal units with a combined 2.73 GW of capacity.
The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The power giant has made a number of bold statements about the future of solar, wind and batteries, as the company’s development arm reaches a record backlog of renewable energy.
The latest reports from analysts at PV InfoLink and EnergyTrend show prices continuing to fall, though at a slower rate than was immediately seen after China’s 31/5 announcements. High efficiency mono-PERC modules fell to around $0.32/W, while multicrystalline module prices held steady at between $0.26 and $0.29/W.
New solar customers now have the option to sell power at a price far below retail to Duke Energy, in the state with the highest monthly electricity bills in the country.
The Southern developer has signed a deal to sell power to Green Power EMC from another 194 MW-AC of solar projects which it is building in the state.
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
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