New UT Series String Inverter Model From GoodWe
GoodWe Recently Added New UT Series Inverter Into Their Utility Portfolio
GoodWe, the world’s leading PV inverter manufacturer and smart energy solutions provider listed on the Shanghai Stock Exchange (Stock Code: 688390), recently launched its new 3-phase 1,500 V utility string inverter, the UT (320/350 kW).
DNV: Solar Additions To Grow 13-Fold Till 2050
Expect 500 GW Annual Solar PV Installations By 2040 With LCOE Dropping To Around $21/MWh By Mid-Century
The 7th edition of DNV’s annual Energy Transition Outlook expects solar to become the most cost-effective electricity source globally by 2050 when its levelized cost of electricity (LCOE) will average around $21/MWh.
Lazard’s 16.0 LCOE Research Findings
Inflation & Supply Chain Challenges Push Up Average LCOE Of Solar PV, But Competitiveness Intact
In its latest report Levelized Cost of Energy Version 16.0 Lazard says despite inflation and supply chain challenges, the levelized cost of energy (LCOE) of best-in-class onshore wind and utility-scale solar declined at the low-end of its cost range,.
Asia Pacific’s Average Solar LCOE At 7% Premium To Coal In 2022
Utility Scale Solar & Onshore Wind LCOE In Asia Pacific Increased Significantly In Last 2 Years And These Continue To Battle Volatility Risks: Wood Mackenzie
Even though the focus on renewable energy gets stronger in Asia Pacific, coal will remain the cheapest new-build power generation option in the region until 2024 according to Wood Mackenzie.
Solar PV – Latam’s Most Cost Competitive Technology Soon
Technological Advancements To Bring Down Solar LCOE; Wood Mackenzie Expects Solar To Be Lowest Cost Of Energy In Latin America Until 2050 With $14/MWh
Come 2023 and solar PV will become the most cost-competitive technology in Latin America and remain the lowest cost of energy among all other power generating technologies in the region until 2050, with $14 per MWh, according to a new Wood Mackenzie report.
IRENA Report On RE Generation Costs In 2021
Renewables Maintained Cost Competitiveness In 2021 Compared To Cheapest Coal Power Supply
Despite supply chain challenges and inflation, the cost of at least 163 GW out of 257 GW renewable energy capacity added in 2021 was more cost competitive than the cheapest coal fired option in G20, with solar PV’s levelized cost of electricity (LC.
Australia’s AUD 40 Million Solar Funding Opportunity
ARENA To Invite Funding Proposals For Ultra Low Cost Solar Stretch Goal
The Australian Renewable Energy Agency (ARENA) is set to offer AUD 40 million ($29 million) funding to back research that can ‘materially’ lower the levelized cost of solar PV by 2030, as it plans to support commercialization of ultra low cost solar PV (ULCS) technologies.
Lazard’s LCOE 15.0 Study Released
RE Technologies Cost Competitive, Yet Project Capital Costs Increasing
Even as certain renewable energy technologies continue to be cost competitive, including utility scale solar, global financial advisory and asset management firm Lazard Ltd sees growing upward pressure on project capital costs for facilities reaching commercial operation in 2021.
RE Promises Major Cost Savings To Pursue Net Zero Aim
IRENA Report Claims Solar PV Power Generation Costs Dropped 7% Annually In 2020; Says Low-Cost Renewables Build Strong Business Case For World To ‘Power Past Coal’ To A Net Zero Economy
According to the IRENA report, in 2020 solar PV’s total cost came down by 7% YoY, along with other renewables, and with competitive auctions the prices are coming down further, especially for solar PV and onshore wind which undercut even the cheapest new coal option without any financial support.
Rising CO2 Prices Validate Renewable Energy Projects
As Operating Costs Of Conventional Power Plants Rise & LCOE Of Renewable Projects Come Down, Renewables ‘Clearly Superior’: Fraunhofer ISE
Fraunhofer ISE’s 5th edition of LCOE shows renewables, especially solar PV, will further establish themselves as most cost competitive electricity generation sources vis-à-vis their fossil fuel counterparts.
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