Wind & Solar Power Now The Clear Champions On Cost
Wind and solar are far and away the least expensive sources of electricity available today, leading to major increases in both.
Wind and solar are far and away the least expensive sources of electricity available today, leading to major increases in both.
Bifacial solar cells and panels are moving more seriously into play now thanks to cost drops and efficiency improvements. A bifacial solar panel is essentially a solar panel that can collect energy from the front side and the rear side (a normal monofacial panel only collects energy from one side). Array Technologies boosts that technology even further with solar tracking technology, capturing much more sunlight than a normal solar array.
Florida Power & Light plans to install the world’s largest energy storage battery. It says it will be in operation before the end of 2021.
The desire for optimal energy production in large solar power plants has engineers looking to an invention created in the latter 1960s, a technology that has been dormant while the broader PV market has exploded. Bifacial solar cells and panels are moving more seriously into play now thanks to cost drops and efficiency improvements.
We’ve seen a lot of commentary on the fact that utility-scale solar power has become the least expensive source of electricity in many places. There is more than that to be found in the data in Lazard’s Levelized Cost of Energy Analysis, Version 10.0, however, and what it tells us is that solar and wind power have benefits apart from the simple facts that their costs are low.
These are 5 messages that I think anyone wanting a better US economy (or a better economy in practically any country), anyone wanting national energy freedom (aka energy independence), anyone wanting to advance the most cost-effective choices for electricity generation, and anyone wanting to make logical energy decisions should know and share with others.
Originally published on Sustainnovate. By Henry Lindon Wind energy and solar energy are notably beating out conventional generation modalities (coal, natural gas, nuclear, etc) with regard to production costs and abatement as well, according to a new study from the US investment bank Lazard. The report notes that, despite recent … [continued]
Before we shared this chart in an article about the extremely low cost of wind power, one of our readers actually sent it along to me with the dashed red line inserted as above (click on the chart to see it more clearly). It’s exciting to see wind power at such a … [continued]
Originally published on RenewEconomy. Another of the world’s leading solar PV manufacturing giants has underlined the potential for yet more substantial falls in the manufacturing cost of solar modules, even as the cost of fossil fuels – and gas in particular – surges in the opposite direction. Beyond the near-term … [continued]
One of our readers, Kanaga Gnana, recently sent along a November report from the Fraunhofer Institute that has a number of interesting charts in it. I pulled out 6 for sharing here. Have a look. In this first one, you can see CSP vs PV vs CPV levelized cost of … [continued]