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India surpasses 4 GW of installed solar PV
Sep 4, 2015 | PV Magazine
By Christian Roselund
India's Ministry of New and Renwable Energy (MNRE) has released data on solar deployment for the first four months of fiscal year 2015-2016, which began on April 1. By the end of July, MNRE reports that 358 MW of additional grid-tied solar was installed. -
PV costs to fall 50% by 2030, rivalling wholesale power prices - EUPVTP
Sep 3, 2015 | PV Tech
By Ben Willis
A further dramatic drop in the costs of PV will make it competitive with wholesale power prices by 2030 in the EU, a study has claimed. Analysis by the European Photovoltaic Technology Platform (EUPVTP) of the levelised cost (LCOE) of electricity of PV in the EU has forecast costs falling by 30-50%, bringing it on par with today’s...
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India surpasses 4 GW of installed solar PV
Sep 4, 2015 | PV Magazine
By Christian Roselund
India's Ministry of New and Renwable Energy (MNRE) has released data on solar deployment for the first four months of fiscal year 2015-2016, which began on April 1. By the end of July, MNRE reports that 358 MW of additional grid-tied solar was installed.
When added to the 3744 MW of solar already deployed in the nation, India has reached 4102 MW of grid-tied solar. This category spans both solar PV and concentrating solar power (CSP), however PV represents the vast majority. MNRE also reports a cumulative 234 MW of off-grid solar to date.
Mercom Capital monitors the Indian solar market, and in a market update published in mid-August put the numbers slightly higher, at 4349 MW of operational PV and 209 MW of CSP, for a total of over 4.5 GW of solar. The company estimates that India has installed 1.4 GW of solar to date in calendar year 2015, which is more than total installations in calendar years 2012, 2013 or 2014, when the market stagnated at or below 1 GW.
“This is the highest ever already for India, and we still have four or five months to go, so it is going to be a pretty good year,” notes Mercom CEO Raj Prabhu. As part of the market update, Mercom has raised its calendar year 2015 forecast for India to 2.5 GW.
Prabhu cautions against attributing too much credit to the incoming Modi Administration, noting that much of what has been put online this year has been the result of policies implemented before Narendra Modi's BJP party took office in May 2014.
However, he expects the 100 GW goal for 2022 and array of new policies implemented under Modi to impact India's solar market next year, and for the market to continue its growth path. While Mercom has not released a 2016 forecast for India, Prabhu says he is expecting solid growth. “India could be in the top five global markets for the next five years, on a consistent basis,” he predicts.
Link: http://www.pv-magazine.com/news/details/beitrag/india-surpasses-4-gw-of-installed-solar-pv_100020939/#axzz3kUPOR6HT
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PV costs to fall 50% by 2030, rivalling wholesale power prices - EUPVTP
Sep 3, 2015 | PV Tech
By Ben Willis
A further dramatic drop in the costs of PV will make it competitive with wholesale power prices by 2030 in the EU, a study has claimed.
Analysis by the European Photovoltaic Technology Platform (EUPVTP) of the levelised cost (LCOE) of electricity of PV in the EU has forecast costs falling by 30-50%, bringing it on par with today’s wholesale electricity prices.
"Today, if the real cost of capital was around 5%, a 50MWp PV system in Spain would produce electricity at around €45/MWh. Our analyses indicate that the same type of PV system in the same location may generate power at as low as €25/MWh in 2030," said Eero Vartiainen, leader of the LCOE working group of the EUPVTP, a body representing the European PV industry at an EU level.
The study predicted that PV module prices will most likely halve from current levels by 2030 and balance of system prices fall by 35%, leading to an overall PV system capital expenditure (capex) reduction of around 45%. Alongside this, PV system operational expenditure (opex) will fall an estimated 30%. Significantly the report said such decreases would not require any significant technological advances to attain.
"Such results can be achieved without any technological breakthrough," said Gaëtan Masson, co-author of the report. "We simply assume that PV modules and other PV system components will become more efficient and less expensive and that operation and maintenance procedures will be optimised."
A more significant influence on LCOE than either capex or opex will be the cost of capital, according to the report, which said that an increase of eight percentage points in the so-called ‘weighted average cost of capital’ could double PV LCOE.
Because of this the report said both the PV industry and policy makers needed to ensure they both played their part in ensuring the right conditions for keeping capital costs down.
"What is striking, is that when we modified our assumptions for different PV system cost components, it became evident that the cost of capital will play a much more important role in the competitiveness of this technology than other parameters," said Christian Breyer, co-author of the report. "Cost of capital will be almost as important as the location of PV systems. This leads to the conclusion that, going forward, it will be of outmost important for the PV industry to further improve the bankability of its technology and for policy makers to create a stable environment for PV investments."
The EUPVTP’s analysis can be read in full here and will be presented at an EU PVSEC parallel event titled "Competitiveness, Soft Costs and New Business Cases for PV" on 14 September in Hamburg.
Link: http://www.pv-tech.org/news/pv_costs_to_fall_50_by_2030_rivalling_wholesale_power_prices_eupvtp
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