India's solar photovoltaic power generation costs have fallen to $38 per megawatt hour

Recently, the well-known market consultancy wood Mackenzie ( Wood Mackenzie) Said that since this year, India leveling of solar photovoltaic power generation costs, LCOE) Has fallen to $38 / mw, 14% lower than coal-fired power generation. This means that, within the scope of the asia-pacific region, India's renewable energy power generation cost is lowest.

the Indian solar energy costs can be only for half the cost of many other countries in the region. Research director alex wood Mackenzie Whitman voss ( 亚历克斯·惠特沃思) Said, this is mainly due to the sufficient solar energy resources and huge market in India and competitive advantage. India, by contrast, the current onshore wind power costs $49 / mw.

at the same time, the wood Mackenzie also believes that cheap renewable energy second largest country in the asia-pacific region for Australia. The agency predicts that by 2020, the leveling of Australia's solar power generation cost will fall to $48 / mw, which will weaken the competitiveness of all fossil fuels.

however, due to the Australia has long been power grid stability and intermittent power limit repeatedly challenge, which limits the development of the country's renewable energy power generation. However, with the further perfect of energy storage technology, power supply and demand balance in Australia will be improved.