<
https://reneweconomy.com.au/forget-nuclear-5b-says-plunging-price-of-pv-means-giga-scale-solar-farms-the-future-for-old-coal-plants/>
"Australian solar innovator 5B says the plunging price of photovoltaic
technology has made the company’s prefabricated Maverick arrays
cost-competitive with single axis tracking solar plants – and in some cases
cheaper, depending on the quality of the solar resource.
In a presentation to the Large-scale Renewable Generation & Storage Summit in
Sydney on Thursday, 5B deputy CEO Nicole Kuepper-Russell said the company’s
value proposition was “really singing” since module prices fell to just over 10
cents per watt in China in March.
The low cost of solar was a hot topic at the conference, as was the falling
cost of storage.
In a presentation by former Clean Energy Finance Corporation chief Oliver
Yates, the renewables investment guru argued cheaper batteries mean most
existing government and industry plans should be “shredded and start again” to
account for the “new solar/battery economic frontier.”
Representing Valent Energy – the energy storage focused joint venture between
Gaw Capital and BW ESS – Yates said the cost of dispatchable renewables was now
around $200/MWh – $65/MWh for solar production and $135/MWh for battery storage
– and “anything producing power higher than that is ridiculous.”
For 5B – as Kuepper-Russell’s presentation illustrated, below – the levelised
cost of energy for a solar project using its Maverick arrays hit price parity
with the LCOE of single axis tracker solar towards the end of last year, and
has steadily become cheaper as panel prices continue to fall."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
