28 Jan '14, 8am

Fraunhofer ISE: Solar PV to be cheaper than fossil fuel generation by 2030 #solar

Fraunhofer ISE (Freiburg, Germany) has released a new report which finds that the levelized cost of energy (LCOE) from renewable energy sources including solar photovoltaics (PV) is competitive with some fossil fuel generation in Germany, and will be cheaper than most forms of fossil fuel generation by 2030. The research institute estimates the LCOE for German solar photovoltaic (PV) plants in the range of EUR 0.08–0.14 (USD 0.11–0.19) per kWh in 2013 and 2014. Using its learning curve analysis, Fraunhofer ISE estimates that these costs will fall to EUR 0.06–0.09 (USD 0.08–0.12) by 2030. The less expensive PV plants are competitive with combined cycle gas turbines (CCGT) today, but more expensive than hard coal or brown coal generation. By 2030 Fraunhofer expects this to reverse, and for CCGT and hard coal to be more expensive than PV. Multiple factors considered This will...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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