The price of solar energy: Comparing competitive auctions for utility-scale solar PV in developing countries
By Zuzana Dobrotková, Kavita Surana, P. Audinet. Energy Policy, 2018
124 citations recorded by the source corpus.
This paper examines the viability of low PV prices in developing countries from recent competitive auctions and discusses the sustainability of these low prices for further market expansion. Our analysis of utility-scale PV projects procured through major auctions in developing countries between 2013 and 2016 reveals that low PV prices are viable. PV prices of $0.06–0.08/kWh are consistent with market fundamentals and prices lower than $0.03/kWh are viable under exceptional conditions in some countries. Maintaining low prices while ensuring deployment of quality projects requires a combination of high capacity factors, low equipment prices, low cost of capital, de-risked investment environments, e.g., through the presence of guarantees, and other factors such as particular project developer strategies. Overall, developing countries with abundant local solar resources are well-positioned to drive the global expansion of PV capacity. Well-designed auctions offer a unique opportunity to expand solar PV capacity to many markets in a cost-effective manner.
Subfields: Electrical and Electronic Engineering, Pollution
View Paper: https://www.semanticscholar.org/paper/3caef1b5bb7fb98e9c3f409c4b5560e667fa193c
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In Electrical and Electronic Engineering
Citations in the corpus
- Overcoming barriers to solar and wind energy adoption in two Asian giants: India and Indonesia (2019, background): “The lowest prices for utility-scale solar PV have been in locations with low land costs, good solar insolation, and de-risked investment environments (IRENA, 2017a; Dobrotkova et al., 2018).”
- HVDC Transmission: Technology Review, Market Trends and Future Outlook (2019, background): “Especially considering the large-scale RES lower normalized cost when compared to small-scale sparse installations with equal cumulative capacity [246-248].”