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    Home > Chemicals Industry > International Chemical > By 2020, the average cost of solar power worldwide will be halved

    By 2020, the average cost of solar power worldwide will be halved

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    In the seven years since 2010, the global cost of renewable energy generation has been significantly reduced, with the global average cost of solar power falling by 73% and onshore wind power by 23%.

    According to foreign media reports, the report compiled by the International Renewable Energy Agency shows that by 2020, the cost of solar power may be halved, and the cost of some solar and onshore wind power will be lower than thermal power generation
    .
    "Switching to renewable energy is no longer just an environmental consideration, but is now an economic option
    ," the agency's director general said.

    In 2010, the global average cost of solar power was 1 kilowatt 36 cents (about 2.
    28 yuan), and in 2017 it fell to 10 cents (about 0.
    63 yuan).

    Onshore wind also fell from 8 cents to 6 cents
    .
    According to reports, the main reason for the price decline is that technological progress and the introduction of a tender system have promoted price competition and increased
    the number of involved companies.
    Thermal power generation using fossil fuels such as coal and oil that contribute to global warming costs 5 to 17 cents
    .

    The agency predicts that "the cost of solar and onshore wind power will continue to fall, and by 2020 there will also be a situation where the cost will be lower than that of fossil fuels"
    .

    :/, please indicate the source for reprinting)

    In the seven years since 2010, the global cost of renewable energy generation has been significantly reduced, with the global average cost of solar power falling by 73% and onshore wind power by 23%.

    solar energy

    According to foreign media reports, the report compiled by the International Renewable Energy Agency shows that by 2020, the cost of solar power may be halved, and the cost of some solar and onshore wind power will be lower than thermal power generation
    .
    "Switching to renewable energy is no longer just an environmental consideration, but is now an economic option
    ," the agency's director general said.

    In 2010, the global average cost of solar power was 1 kilowatt 36 cents (about 2.
    28 yuan), and in 2017 it fell to 10 cents (about 0.
    63 yuan).

    Onshore wind also fell from 8 cents to 6 cents
    .
    According to reports, the main reason for the price decline is that technological progress and the introduction of a tender system have promoted price competition and increased
    the number of involved companies.
    Thermal power generation using fossil fuels such as coal and oil that contribute to global warming costs 5 to 17 cents
    .

    The agency predicts that "the cost of solar and onshore wind power will continue to fall, and by 2020 there will also be a situation where the cost will be lower than that of fossil fuels"
    .

    :/, please indicate the source for reprinting)

    /
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