The road ahead for solar PV power
By Stephen D. Comello, Stefan Reichelstein, Anshuman Sahoo. Renewable & Sustainable Energy Reviews, 2018
186 citations recorded by the source corpus.
Abstract Over the past decade, solar photovoltaic (PV) power has experienced dramatic deployment growth coupled with substantial decreases in system prices. This article examines how solar PV power is currently positioned in the electricity marketplace and how that position is likely to evolve in the foreseeable future. We first assess the current cost competitiveness of solar PV in select U.S. locations and industry segments using the levelized cost of electricity (LCOE) metric. This framework enables us to quantify the effects that supportive public policies, time-of-use pricing, and anticipated future technological improvements have on the cost of solar PV. We also build on recent analytical work that has identified circumstances under which it becomes financially attractive to add behind-the-meter batteries to an existing PV solar system. Taken together, our findings suggest that solar power, by itself and in conjunction with low cost storage, is positioned to account for a significant and growing share of the overall energy mix.
Subfields: Electrical and Electronic Engineering, Finance, Pollution
View Paper: https://www.semanticscholar.org/paper/a5c26f021661bd8efce48071be15eb6685a4767b
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Electrical and Electronic Engineering
- Kenneth Hansen
- Christian Breyer
- Henrik Lund
- Brian Vad Mathiesen
- Anders N. Andersen
- D. Bogdanov
- Neven Duic
- D. Connolly
In Pollution
Citations in the corpus
- Status and perspectives on 100% renewable energy systems (2019, background): “The PV cost reduction trends are expected to continue further in the future [8] and similar trends can be found for wind power technologies and CSP [9].”
- Direct ammonia solid-oxide fuel cells: A review of progress and prospects (2021, background): “Renewable energy (RE) technologies, such as solar and wind, are becoming cost competitive with traditional fossil-fuel-based energy sources [1,2].”