2025 average cost of solar power is expected to drop 26

Polaris solar PV net news: local time on June 15, the International Renewable Energy Agency (IRENA) in the U.A.E. Abu Dhabi reported that by 2025, average costs of solar and wind power generation is expected to be lower than the current 26% to 59%.

This entitled the power of change: 2025 years ago reports of the falling costs of solar and wind energy potential, appropriate regulatory and policy framework, after 2025, solar and wind power generation costs still expected to decline.

The report estimates that by 2025, photovoltaic, offshore wind, average generation cost of onshore wind power than in 2015 of reducing 59%, 35% and 26%. Solar thermal energy (CSP) electricity prices will also reduce 43% (depending on which technology is used). By 2025, the global solar photovoltaic electricity generation and the degree of onshore wind power costs an average of about 5 to 6 cents a kilowatt-hour.

According to Bloomberg new energy finance’s long-term projections, by 2020, wind energy and solar energy will become the cheapest electricity in many countries;-30, which will become the world’s most cheapest way. By 2040, each megawatt onshore wind power and solar photovoltaics levelized cost will be 41% and 60% respectively.

“Solar and wind power costs have dropped sharply in recent years. The report indicates that, in the presence of various technologies and market drivers, electricity prices will continue to fall. “The Director-General of IRENA Amy (AdnanZ.Amin) said,” solar energy and wind power has become more of the cost of new generating capacity in the market and further reduce the cost will continue to expand this trend, as fossil fuels to renewable energy sources provide more compelling business reasons. ”

Since 2009, solar photovoltaic and wind turbine prices decreased by about 80% and-40% respectively. Thanks to economies of scale and technological advances, researchers found that the total installed capacity for each additional 1 time, prices will fall 20% of solar photovoltaic and wind power cost is reduced by 12%.

Report, policy makers must realize that 2025 years ago cost more depending on the balance of system costs, such as power converter, mounting system, civil engineering and other costs, as well as technological innovation, operational and maintenance costs and the quality of the project management. Therefore, many countries focused on renewable energy development should be transferred to suitable policy and reduce the cost of these areas.

“In the past, people often see cost as a transition from fossil fuels to renewable energy one of the main obstacles, but that view has changed. “Amy says,” in order to continue promoting energy transition, we had to shift policy focus, larger cost reductions and the current economic opportunities to maximize the support provided in the area. ”

In response, Bloomberg new energy finance in its report on the new energy Outlook forecast for 2016, 2016 and 2040, coal and gas-fired power generation investment will continue, particularly in the emerging economies, about 1.2 trillion dollars will be used for construction of new coal-fired power plant, 892 billion dollars will be used for new gas-fired power plants.

Investment in green energy will attract us $ 7.8 trillion, including onshore and offshore wind power investment of $ 3.1 trillion, large-scale, roofs, and other small solar power investment of 3.4 trillion dollars, utilities invested $ 911 billion.

However, Bloomberg new energy finance in Europe, the Middle East and Africa region, the head of the chief author of the report said SebHenbest: “2016-2040 global renewable investment will amount to $ 7.8 trillion, but if you want to make the world’s carbon emissions to achieve level 2 degree Celsius climate goals under the guidance of the United Nations will need trillions of additional investments. ”

Specifically, in addition to the 7.8 trillion dollars of investment, the world still needs $ 5.3 trillion by 2040 to zero-emissions power investment, to prevent carbon dioxide levels in the atmosphere over 450ppm of the Intergovernmental Panel on climate change set “safe” limits.

Original title: 2025 wind electricity average cost is expected to drop to 59%

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