International studies have shown that solar energy is the fastest growing renewable energy source in the world for power generation.
The main reason for such high growth is the continuous cost reduction due to permanent technological progress.
Titled “Solar energy is now “the cheapest electricity in history”It was pointed out that the International Energy Agency (IEA, English abbreviation, International Energy Energy) confirmed in its “World Energy Outlook 2020” that solar energy is already the cheapest power source in history.
Among other things, the latest study by the International Energy Agency on the prospects of power generation states:
- “Solar energy has become the new king of power generation.”
- “In all our scenarios, renewable energy is growing rapidly, and solar energy is the core of this new power generation technology system.”
- “In the past ten years, with the substantial reduction in costs, solar photovoltaic products have always been cheap.”
- “The solar project now offers the lowest electricity cost ever.”
- “Solar energy is the main driver of growth, setting a new implementation record every year after 2022, followed by onshore and offshore wind energy.”
The world has seen a sharp drop in the cost and price of solar power generation.
The article titled “Top 10 List of the World’s Lowest Solar Prices” shows the ten solar power plants with the lowest prices in the world as of August 31, 2020:
•¢$1.31/kWh-Portugal, a percentage of 10 MW, announced in August 2020
•¢$1.35/kWh-Abu Dhabi, 1.5 GW, announced in April 2020
•¢$1.50/kWh-New Mexico, USA, 100 MW, announced in May 2020
•¢$1.57/kWh-Qatar, 800 MW, announced in January 2020
•¢$1.61/kWh-Saudi Arabia, 300 MW, announced in April 2020
•¢$1.65/kWh-Portugal, 150 MW, announced in July 2019
•¢$1.69/kWh-Dubai, 900 MW, announced in December 2019
•¢$1.75/kWh-Brazil, 211 MW, announced in July 2019
•¢$1.97/kWh-Mexico, 62 MW, announced in November 2017
•¢$1.99/kWh-Los Angeles, California, USA, 700 MW, announced in June 2019
The continuous advancement of technology, more competitive supply chains and economies of scale will continue to further reduce the cost of solar power generation.
Another article titled “Declining solar panel prices means a sunny future for clean energy” stated:
- “The cost of solar power has fallen faster than expected.”
- “The cost of converting sunlight into electricity is getting lower and lower, and has exceeded forecasts for decades, thus accelerating the transition to a cleaner energy system.”
- “The price of solar energy has fallen enough to make photovoltaics the cheapest source of electricity in most parts of the world.”
- “In the sunny regions of the world, the average solar price is expected to reach US$0.01/kWh.”
Therefore, I can continue to cite many other studies and articles that show that this kind of evolution is very beneficial to mankind.
Although all the above-mentioned problems occur worldwide, in our country, decision-making is to use high-cost energy methods to make the country develop in the opposite direction.
Due to the decision of the country’s competent authority, the continuation of the world’s energy affairs and rapid technological progress are facing important obstacles.
Although the country’s solar radiation is stronger than many other countries that are rapidly developing solar power, there are still these obstacles and limitations to new low-cost energy technologies.
The distributed power generation of solar energy, that is, the electricity that consumers can generate at the same place where it is consumed (for example, on the roof), is also severely restricted, hindered and restricted by the bureaucracy.
Germany is one of the countries with a superior geographical location and little solar radiation, but it is still vigorously developing solar power generation.
Although the country has huge solar energy potential, and permanent technological advancements continue to reduce the cost of power generation using this energy, here, we continue to overcome the limitations and obstacles of using solar power (and other emerging new energy sources in the world, For example, natural gas.
Nor does it take into account the importance of energy in promoting the development and economic growth of countries, because the world’s evidence shows that:
- International Energy Agency (Modern Energy for All): “Energy is a key driving force for development.”
- World Economic Forum (promoting an effective energy transition): “Energy is a key element of the modern economy.”
- McKinsey & Company (“Energy: The Key to Competitive Advantage”): “Energy has become a strategic factor in global competition.”
- World Economic Forum (“Energy as a Competitive Advantage”): “The basic economy (low cost) dominates the energy policies of various countries.”
Therefore, there is an urgent need to make a decision to integrate international trends and the country’s continuously developing new energy technologies into the world to reduce energy costs.