Solar low-cost power generation system

How will low-cost solar power impact the energy sector?

The disruption of the power sector with low-cost solar PV electricity will be followed by a substantial solar PV share in the primary energy supply for the entire energy system, for chemical feedstock, and even as a major energy supply for net-negative CO 2 emissions solutions needed for keeping the 1.5 °C target of the Paris Agreement.

Can solar PV help reduce coal prices?

Since the execution of this research, coal prices have reached even higher levels. The steep cost decline of solar PV is a catalyst for the integration of other energy technologies required for a highly sustainable energy system, in particular, battery storage and electrolyzers.

How can low-cost PV power be used to power the power sector?

Achieving these targets requires massive industrial scaling for delivering the required PV capacity so that low-cost PV electricity can enable energy supply in the power sector, direct electrification of heat and transportation, and indirect electrification via power-to-X.

Are solar PV batteries a sustainable power system?

Indeed, PV battery systems emerge as a central pillar of a low-cost and sustainable power system, as found by Lu et al. ( 3) for China, and by Gulagi et al. ( 13) for India. The geography of India, being farther south, enables an even higher solar PV supply share of 89% in its power sector.