Comments
Querch t1_iye7d91 wrote
Here's an image of the LCOEs for solar in different global markets, for reference.
We could be looking at LCOEs as low as $15/MWh, unsubsidized, in the best places.
kushal1509 t1_iye8asa wrote
>One could easily make an argument that solar will be more expensive in 2030.
Please make that "easy" argument.
kushal1509 t1_iye8t7y wrote
From 2010 to 2020 solar has seen a 80% drop in its prices. I think it's very likely we will see another 50% drop from 2020 to 2030 (not 2050).
hmspain t1_iye9ii2 wrote
Supply and demand. As the cost of electricity increases, the counter (solar) will increase to match. Remember when x2 was the expected price for solar $k per kW? Now it's hard to find quotes under 3x.
The cost of electricity is increasing. I don't see that trend changing by 2030. We are already seeing prices like $0.65/kWh in San Diego. Prices like that used to be found only in Hawaii.
robotzor t1_iye9jvp wrote
The easy argument is that the demand curve is going to sharply angle upward as a function of solar infra prices dropping vs utility prices increasing bring solar into reach for more people. Then it is a battle of supply & demand not only on manufacture but also skilled labor able to do it who are all already swamped with work today.
FuturologyBot t1_iyea328 wrote
The following submission statement was provided by /u/yourSAS:
Speaking at the annual energy event of KPMG, Enrich 2022, Mathur said the decline in solar prices will help produce green hydrogen at reduced costs.
In the last five years, the cost of solar electricity has dropped by almost 30 percent which has also contributed to the reduced cost of hydrogen, he added.
“In areas which have good solar insulation, we will start seeing solar hydrogen becoming competitive with gas-based hydrogen even now,” Mathur said regarding the implications of a reduction in solar prices.
Manufacturers of electrolysers are now looking at much larger scales which has brought down costs with far lower risks. Therefore, hydrogen is being produced from electrolysis of water at far lower costs.
He expects solar prices to fall approximately 30 percent by 2030
Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/z8znmq/solar_power_prices_expected_to_decline_50_by_2050/iye5oj4/
jppianoguy t1_iyearvy wrote
Are you talking about the cost for residential solar?
Good_Drive_7965 t1_iyedpx8 wrote
Unreal cheap. I don’t believe.
mobrocket t1_iyethyc wrote
Until we get better battery capacity, hydrogen is a good alternative for "green" energy.
I think a multi source approach is great
yourSAS OP t1_iye5oj4 wrote
Speaking at the annual energy event of KPMG, Enrich 2022, Mathur said the decline in solar prices will help produce green hydrogen at reduced costs.
In the last five years, the cost of solar electricity has dropped by almost 30 percent which has also contributed to the reduced cost of hydrogen, he added.
“In areas which have good solar insulation, we will start seeing solar hydrogen becoming competitive with gas-based hydrogen even now,” Mathur said regarding the implications of a reduction in solar prices.
Manufacturers of electrolysers are now looking at much larger scales which has brought down costs with far lower risks. Therefore, hydrogen is being produced from electrolysis of water at far lower costs.
He expects solar prices to fall approximately 30 percent by 2030