2015 the Asia-Pacific region in the first half-yearly power costs report: China became the Central battleground in renewable energy and fossil fuels

Polaris solar PV net news: Bloomberg new energy finance released its global, regional, and national cost per kilowatt of power generation technology of semi-annual report. In 2015 the Asia-Pacific region in the first half of the latest electricity cost report, we will discuss how China is becoming the renewable and conventional energy generation the most fierce competition in the market.

Asia-Pacific renewable energy generation is still significantly higher than the global average. However, the differences between renewable energy and fossil fuel cost per kilowatt will continue to shrink. In China and India, because of increases in natural gas costs, onshore wind is now more competitive than natural gas. Solar costs continue to decline. In China, the average cost per kilowatt of photovoltaic electricity current and gas power generation cost, are $ 100/MWh. Other countries are expected to achieve a similar situation. Due to lower financing costs, and Japan the biggest medium-term potential of solar electricity cost cuts.

˙ Coal-fired power is still cheaper in our analysis of all energy sources, this is because the policy requires the use of more efficient supercritical technologies become more common, and coal prices fell sharply. Indonesia, China, and India’s coal-fired electricity cost, less than $ 40/MWh.

˙ Gas power generation in Asia as a whole average costs increased. Background of the causes of this situation is that many national gas price reform led to rising gas prices. In China, the capacity factor lower and higher gas prices have pushed natural gas generate electricity unit cost rose to 100 $/MWh.

˙, By contrast, due to the further decline in cost of equipment and capacity factor improvement, photovoltaic power generation costs continue to decline. PV cost per kilowatt average now stands at $ 150 per megawatt-hours. With low-cost Chinese solar module in the current high-cost areas (such as Japan and South-East Asia) to win a bigger market share, lowest in the Asia-Pacific region’s average cost per kilowatt of photovoltaic medium-term could slip below US $ 120/MWh.

Original title: 2015 the Asia-Pacific region in the first half-yearly power costs report: China became the Central battleground in renewable energy and fossil fuels

Posted in News.