27 Jan '14, 2pm

Fraunhofer ISE: Solar PV and onshore wind to generate electricity below cost of fossil fuels by 2030: The leve...

Belectric's Templin project in Germany. Source: Belectric. Belectric's Templin project in Germany. Source: Belectric. “By 2030 the electricity generation costs from PV will decline down to 0.06-0.09 €/kWh. At this value, even small roof-installed PV systems will be able to compete with onshore wind and also with the higher generation costs in the future from brown coal, hard coal and combined cycle gas power plants,” said Prof. Eicke R. Weber, director of Fraunhofer ISE. The levelized cost of electricity (LCOE) from both solar PV and onshore wind in Germany are expected to decline below that of fossil fuels by 2030, according to a new study conducted by the Fraunhofer Institute for Solar Energy Systems ISE. The cost of electricity from onshore wind was found to have already fallen below the costs from hard coal and combined cycle gas power plants. The LCOE from onshore win...

Full article: http://www.pv-tech.org/news/fraunhofer_ise_solar_pv_and_o...

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