28 Sep '16, 8pm

Solar a 'scary' competitor to wind in growth markets: Nordex CEO -Recharge | Global Renewable Energy News

Solar a 'scary' competitor to wind in growth markets: Nordex CEO -Recharge | Global Renewable Energy News

“One of the biggest challenges wind energy will have in the future is not coal or gas – increasingly we have to drive down our costs to match solar PV,” Krogsgaard said at the opening session of WindEurope Summit. Speaking later to reporters, Krogsgaard added: “For the world it’s a fantastic thing to have renewables technologies competing like this. But when you look at the way the cost curve is coming down [for PV], it’s quite a scary pace from our perspective.” Onshore wind remains cheaper than utility-scale solar in most markets, including Europe, but the gap between the two has been shrinking. And with the global PV panel market once again tipping into a state of oversupply, the cost of solar energy is expected to continue its rapid descent in the coming quarters. To remain competitive in Europe, Nordex will “absolutely” need to be delivering turbines to projects at €5...

Full article: http://www.rechargenews.com/wind/1445419/solar-a-scary-co...

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