It is time for all Indian companies to enter the renewable power sector in some form or other because the cost economics are looking more and more attractive.
8Renewable generation costs are forecast to continue decreasing.
8From 2010-15, indicative generation costs for new plants fell by an estimated 30% on average while that for new utility-scale solar PV declined by two-thirds.
8Over 2015-20, the IEA forecasts are that new onshore wind costs will decline by a further 10%.
8New utility-scale solar PV cost will decline by 25%.
8Importantly, high levels of incentives are no longer necessary for solar PV and onshore wind, but their economic attractiveness still strongly depends on the regulatory framework and market design.
8Meanwhile, some technologies (offshore wind, solar thermal electricity and some bioenergy) require continued policy support to bring them down the learning curve.
For more details visit indianpetroplus.com
8Renewable generation costs are forecast to continue decreasing.
8From 2010-15, indicative generation costs for new plants fell by an estimated 30% on average while that for new utility-scale solar PV declined by two-thirds.
8Over 2015-20, the IEA forecasts are that new onshore wind costs will decline by a further 10%.
8New utility-scale solar PV cost will decline by 25%.
8Importantly, high levels of incentives are no longer necessary for solar PV and onshore wind, but their economic attractiveness still strongly depends on the regulatory framework and market design.
8Meanwhile, some technologies (offshore wind, solar thermal electricity and some bioenergy) require continued policy support to bring them down the learning curve.
For more details visit indianpetroplus.com
No comments:
Post a Comment