In fact, using a detailed levelized cost of energy (LCOE) analysis, solar has a robust future and will be competitive with gas in all 10 regions analyzed by 2025 in the most likely gas price scenario. Solar costs fall faster than gas prices even in gas-rich regions, as increasing domestic demand and liquid natural gas (LNG) exports counter significant shale development. Solar’s eventual cost-competitiveness means increased gas penetration actually benefits it, by enabling hybrid gas/solar technologies that can accelerate solar adoption without subsidies and increasing intermittent renewable penetration without expensive energy storage or infrastructure improvements.
Friday, January 17, 2014
Natural Gas Has Price Advantages – Solar To Catch Up By 2025
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