LCOE for Wind & Solar PV Market Examined in New GlobalData Report Published at MarketPublishers.com15 Jun 2012 • by Natalie Aster
LONDON – Solar PV is the fastest growing renewable source of energy in the world. The global cumulative installed solar PV capacity increase of 100% demonstrated during 2009-2011 is likely to grow even further as mass power consumers China and the US reach grid parity within the next few years.
The levelized cost of electricity (LCOE) for solar PV is likely to keep on decreasing due to declining capital costs and increasing capacity factor. These factors, combined with a lack of fuel costs, low operations and maintenance costs mean that the LCOE of solar PV technology is expected to be lower than average retail electricity prices from 2017 onwards.
New research report “Grid Parity for Wind and Solar Power - Future Outlook and Impact Analysis” prepared by GlobalData has been recently published by Market Publishers Ltd.
Grid Parity for Wind and Solar Power - Future Outlook and Impact Analysis
Published: June, 2012
Price: US$ 3.995,00
The report examines levelized cost of energy for wind and solar PV globally, featuring:
- market overview for solar and wind power in the world and for the key countries – the US, Germany, Italy, the UK, China and India;
- historical and forecast (2006-2020) installed capacity statistics for global and key countries is discussed in detail;
- analysis of LCOE for wind and solar PV in major countries;
- comparison of solar PV and wind LCOE with conventional fuel sources like coal, combined cycle gas turbine (CCGT) and nuclear power;
- LCOE comparison with average retail electricity prices to estimate grid parity.
More new market research reports by the publisher can be found at GlobalData page.