Solar energy will replace coal in 2025, becoming the cheapest energy source

In 2016, it can be said that the price of large-scale solar energy in the world has been broken. From Chile to Dubai, the new low price of less than 3 cents per kilowatt has become the norm. Bloomberg New Energy Finance predicts that this is more than global coal burning. The price of solar energy, which has a low average price of electricity, will not be limited to the Middle East or Chile, but will be the norm in most parts of the world.

In 2016, the large-scale bidding case will be low-priced, and 2017 will soon continue with the bidding cases of Saudi Arabia, Jordan and Mexico, and even further appear to have a new low price, which will bring new business opportunities to European energy developers. For example, Italy's Enel and Ireland's mainstream renewable power are currently being affected by subsidies in the European domestic market, opening up new markets in these new large-scale projects.

Solar energy will replace coal in 2025, becoming the cheapest energy source

Since 2009, solar energy prices have fallen by 62%. Every link in the overall solar supply chain is rapidly reducing costs, and the reduction in total costs also reduces the risk of bank loans and can achieve lower capital costs. Scientific and technological progress is the strong backing of the solar industry to reduce the cost, from diamond wire cutting silicon wafers to increase production efficiency, to solar cell conversion rate, and the entire manufacturing chain scale and manufacturing experience is improving, reducing costs, and large solar energy The plan to use the bidding method is more conducive to lowering the final price. On the one hand, for every doubling of the scale of the solar energy plan, the price can be reduced by 20%. On the one hand, the bidding bidding method constantly forces the bidders to propose lower prices.

At present, the total installed cost per megawatt of solar energy is 1.14 US dollars per watt. Bloomberg New Energy Finance is expected to fall to US$0.73, down 36% by 2025. Such estimates are estimated with other market-adjusted units. Generally in line: GTM Research expects solar installation cost per watt in the US Southwest to be $1 per watt and will fall to $0.75 in 2021; the US Department of Energy's National Renewable Energy Laboratory expects US average solar installation cost to be $1.2 per watt currently , will drop to $1 by 2020; IEA expects installation costs for grid-level solar projects to fall by 25% in the next five years; the International Renewable Energy Association expects solar energy to fall another 43% by 2025 65%.

"Bloomberg New Energy Finance" said that the price tag of less than 3 cents is the key low price to change the rules of the market, and this price will become a very common situation in more and more markets, the solar supply chain has deeply realized In this trend, Bloomberg New Energy Finance expects that the global average solar price will be lower than that of coal-fired power generation in 2025, making solar energy more competitive with fossil fuels. force.

In addition, considering the factors of carbon tax policy, countries with carbon tax, such as European countries and Brazil, will have solar energy cheaper than coal before 2020; on the other hand, countries with large coal deposits in the country, For example, in China and India, it takes a long time for solar and coal to reverse, but China is now the largest solar market. It is expected that China's solar power generation cost will be lower than coal-fired power generation in 2030.

Destroying coal is only the first small step of solar energy. The pace of solar energy cost reduction is not stopped, and there is no sign of stopping. In the past, solar energy was one of the most expensive energy types, but we may soon face new ones. Fact: Solar energy is the lowest cost source of energy.

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Solar energy system include Solar photovoltaic system: 1. Off grid photovoltaic system mainly consists of solar modules, controllers, and batteries. To supply power to AC loads, it is also necessary to configure an AC inverter. 2. Grid connected photovoltaic power generation system. 3. Distributed photovoltaic power generation system. Distributed power generation or distributed energy supply.


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solar configuration solar panel, inverter, battery, bracket cabels, mc4 connector



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Complete Off Grid Solar SystemOff Gird System 1 Jpg


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