Primitive solar power supply cost-effectiveness

Are solar energy conversion technologies cost-effective?

At present, solar energy conversion technologies face cost and scalability hurdles in the technologies required for a complete energy system. To provide a truly widespread primary energy source, solar energy must be captured, converted, and stored in a cost-effective fashion.

How can we maximize the cost effectiveness of electric power generation?

Finally, by combining wind, hydro, and solar power within a distributed generation framework, we can maximize the cost effectiveness of electric power generation.

Why is reducing the cost of solar energy important?

Therefore, reducing the cost of using solar energy is the key to achieving grid parity in major markets and to expanding solar PV application. Since 2009, the cost of solar PV systems has been decreasing significantly worldwide and is expected to continue to decrease .

Can solar energy be used as a primary energy source?

To provide a truly widespread primary energy source, solar energy must be captured, converted, and stored in a cost-effective fashion. New developments in nanotechnology, biotechnology, and the materials and physical sciences may enable step-change approaches to cost-effective, globally scalable systems for solar energy use.

Which energy technologies have the lowest energy costs?

The paper presents these findings as energetic analogies with financial cost parameters for assessing energy technologies: overnight capital cost, operating costs and levelized cost of electricity (LCOE). The findings suggest that wind energy has the lowest energy costs, followed by CSP and then PV. 1. Introduction

How much does PV electricity cost?

The PV electricity costs vary significantly among provinces. In the economically developed eastern provinces, the PV electricity (mainly BIPV) is 0.67–0.86 RMB/kWh. This rate is close to grid parity owing to high grid prices, but the CO 2 mitigation cost is high (456–693 RMB/Mg CO 2).