Cheaper with sunlight
It is cheaper to build and operate a solar power station in India and in the majority of European countries than to run an existing coal-fired station, according to the experts at Bloomberg NEF.

The analysts assessed the cost of power derived from photovoltaic and wind stations, taking account of the cost of construction, operation and technical servicing – and then calculated the cost of the energy produced.

    According to their analysis, over the course of the first six months of 2021, the costs for large solar and wind-powered stations fell from $48 to $41 per MWh – a reduction of 5 to 7 % compared to the first half of 2020. The cheapest energy was produced in Brazil and Texas for wind energy and Chile and India for soIar — $22 per Mwh.

    In China, the cost of building and operating a solar-powered station totalled $34 per Mwh – cheaper than existing coal-fired generation at $35 per MWh. In India, the cost was $25 for solar per Mwh, compared to $26 for coal.

    China and India are the world’s two largest sources of coal-fired power generation.

    In Europe, the current cost of new solar batteries totals $33 to $50 per Mwh. For coal-fired energy, the cost is $70.

    The experts noted that prices for steel and polysilicon, vital for renewable energy sources, have risen significantly. As a result, the cost of photovoltaic modules and wind turbines have also risen – about 5 to 10 %. However, by “spreading” this cost through the entire chain of production, there have been no increases in the price of alternative energy.


Share on facebook
Share on telegram
Share on email
Share on twitter
Share on vk
Share on odnoklassniki
Share on reddit

Add comments

Your email address will not be published. Required fields are marked *

Indonesia will build 100 MW floating SPP

Indonesian PT PLN Nusantara Power, the subsidiary of the state-owned energy distributor Persero, announced the tender for building a 100 MW floating solar power station (SPP). The Karangkates project will be implemented at the water reservoir of the dumb with the same name on Java Island.

read more ...

Russian scientists developed new method for breaking oil-water emulsions

The scientists from the V.I. Vernadsky Institute of Geochemistry and Analytical Chemistry of the Russian Academy of Sciences (RAS) developed a new method for breaking field oil-water emulsions into water and oil without specialised chemical agents. It helps to receive feedstock for downstream refining or for sales. The research outcomes are published in the Journal of Petroleum Science and Engineering.

read more ...


July 2021