The cost of solar energy has fallen by a quarter and continue to fall

In September, the consortium of Marubeni and JinkoSolar suggested record low cost per kWh of solar energy — a total of $0,023. Former Director of Masdar Clean Energy, Frank Wouters, considers that this is only the beginning, and the price of solar energy will no longer grow never.


In August, a record price for solar energy was offered at auction in Chile, where energy company SunEdison offered a price of $0,0291 per kW*h. last week a new record was set in Abu Dhabi, where a tender was announced for the construction of a solar farm of 350 MW. A consortium of two Asian companies JinkoSolar and Marubeni proposed to increase the plant's capacity to 1.17 GW and to set the value of $0,023 per kW*h. it is reported The National, citing anonymous sources. This figure is almost 25% below the set in April, of record in Abu Dhabi, when kWh was estimated at $0,0299.

A record decline in prices is due, primarily, to the development of technologies. As noted by the former Director of Masdar Clean Energy Frank Wouters, the cost of solar cells and other components of solar energy systems declines, however, falling prices for installation and operation of solar panels. Progress also continues, so the price of solar energy will not rise — for this there are no prerequisites.



As noted by Electrek, the impact on prices has, and geographical location. Abu Dhabi, for example, has one of the best solar resources in the world. Solar panels in this town will produce 10-40% more energy than the same settings in China.In China, in principle, professed a different approach to clean energy. So in August at auction in the construction of solar power plant of 500 MW has been proposed price of $0,019 per kW*h. Objectively, it is lower than in Abu Dhabi, but in China solar energy is provided by special preferences in the range of $0.18 to $0,156 per kW*h In Abu Dhabi are no incentive systems, no.

GreentechMedia according to forecasts, by 2020 the cost of solar electricity will decrease by 40%. However, this forecast was made in September 2015 and the current rate of development of solar energy promise different results. It is expected that increasingly will arise a situation with overcapacity of electricity, when users of the grid are not waste, and to earn a surplus of electricity. In may Germanyif hours electricity prices were negative. Consumers not only used the energy free, but also received a kind of energy Deposit.

Bloomberg predicts that the saturation of the market of solar energy will lead to the fact that in 2017 the cost of solar cells will decline by 20%. This will lead to a drop in energy prices of up to 30-40 cents per watt. published

Source: hightech.fm/2016/09/27/solar_energy_price_drop