In The Next 10 Years Solar Power Cost Will Be Reduced 60%

- Nov 07, 2017-

Energy storage net news: China international renewable energy agency (Irena) director-general, said south, in the next 10 years solar power costs will drop 60%, brought another push to the prosperity of the market.

Due to the slump in cost and improve efficiency, solar power is in the midst of the boom, the global capacity increased from almost zero at the beginning of the century to 300 gigawatts by the end of 2016, to 2020 numerical is expected to grow again.

Irena, expects the next five to six years, the world will increase each year from 80 to 90 gigawatts of new solar capacity, enough to supply 8 billion LED bulbs, the international energy agency (IEA), more than 73 gigawatts of prediction.

"It might be as reduced cost and easy to accelerate."

Adebayor says, "China, only a year of new solar capacity can reach 50 gw."

Adebayor added south, solar power costs could fall by more than 60% for the next 10 years.

According to the capacity growth, China will become the world's largest and fastest growing solar market, because Beijing rely on renewable energy to reduce air pollution from coal-fired power plants.

Adebayor, points out that south India in the next few years also witness the booming development of solar energy, southeast Asia is expected to form a pattern of more mixed.

By 2025, the association of south-east Asian nations (asean) of renewable energy power generation of target is 23%.

Although goal is HTC, but can be achieved.

At present, the 10 asean member countries share of the solar power can be neglected.

Adebayor says, the improvement of solar technologies most is expected to appear on the thin film technology, can be applied to the window.

Although it has become possible, we are still very expensive.

Irena also expects that in the next 10 years in battery costs will decline 60% to 70%.

Although solar energy development and prosperity, the United States the potential barriers to trade will make solar only more expensive for the world's largest consumer of oil.

The President of the United States early next year is expected to announce whether trump measures to limit imports, in the United States international trade commission in September found that domestic solar panel makers after damage from cheap imports.

"This is not necessarily the best strategy to protect America's solar industry, and the domestic product price is very high.

In the long run, the United States should reduce energy costs."

Adriano added south.