The solar wind is becoming the cheapest power source

According to bloomberg new energy finance BloombergNEF the latest analysis shows that in addition to Japan, solar and wind power is now the cheapest source of power in all major economies.

due to the adjustment of China's policy, China's large photovoltaic power station market shrank by more than a third in 2018, this has given rise to a wave of global low-cost equipment, promoted in the second half of 2018, a new global PV ( The track type) Benchmark fell to $60 / MWh, was down 13% from the first quarter of this year.

BNEF benchmark global onshore wind power generation cost $52 / MWh, down 6% compared with the analysis of the first half of 2018. It is under the background of cheap turbine and a stronger dollar. In India and Texas, no subsidies for onshore wind power is now cheaper to $27 / MWh.

today, in most parts of the United States, the source of the wind power as a new batch power, more than the supply of cheap shale gas combined cycle gas power plants ( CCGT) 。 If gas prices more than $3 / MMBtu, BNEF analysis showed that new and existing CCGT will face the risk on the new solar and wind energy rapidly weakening. This means less running time and more flexibility in technology, such as natural gas peak and battery factory in the lower utilization ( Capacity factor) Be good at it.

in the past two years, China's and America's high interest rates to photovoltaic (pv) and wind brought upward pressure on the cost of financing, but compared with the equipment costs down, the two costs.

in the asia-pacific region, more expensive gas imports means that the new combined cycle gas power plant is still lower than the competition of new coal-fired power plants - 59 $81 / MWh. This is to reduce the carbon intensity of electricity in this area still the main obstacle.

at present, in all major economies than the United States, short-term battery is a new rapid response and the cheapest source of peak capacity. In the United States, cheap for peak natural gas plants provide the advantage of natural gas. According to the latest report, with the rapid development of the electric car manufacturing industry, by 2030, battery costs will drop 66%. That in turn means that the power industry of battery storage cost is lower, can will peak power cost and flexible capacity fell to peak power plant has never reached the level of the traditional fossil fuels.

and photovoltaic or wind coexistence of battery is becoming more and more common. BNEF analysis shows that, with Australia and India compared to the new coal-fired power plants and gas plants, equipped with 4 hours battery storage system of the new solar and wind power plants, in the absence of subsidies, already have cost competitiveness.