U.S. DOE: U.S. utility-scale solar PV more than 60% to cost-competitiveness goal

Utility-scale PV plant
The average cost of electricity from a utility-scale PV plant is now USD 0.01/kWh below retail electricity in the United States.

The U.S. Department of Energy (DOE) has announced that the average levelized cost of electricity from utility-scale solar photovoltaics (PV) in the United States has fallen from USD 0.21/kWh in 2010 to USD 0.11/kWh at the end of 2013.

This is more more than 60% of the way towards achieving cost-competitiveness with conventional generation, the goal of the DOE's SunShot Initiative. The nation's PV industry has reached this milestone only three years into the 9-year program.

“In just the last few years, the U.S. has seen remarkable increases in clean and renewable energy – doubling the amount of energy that we produce from solar and wind and supporting a strong, competitive solar supply chain that employs American workers in every state,” said U.S. Energy Secretary Moniz.

“To continue this growth and position the U.S. as a global leader in clean energy innovation, the Energy Department is helping to advance new technologies that further reduce costs, improve performance and support new jobs and businesses across the country.”

DOE notes that the LCOE of USD 0.11/kWh is also USD 0.01/kWh less than the average cost of retail electricity in the United States.

USD 25 million in new funding for manufacturing, commercialization of new tech

DOE has also announced USD 25 million in new funding to boost domestic solar manufacturing and speed the commercialization of efficient and affordable solar photovoltaic (PV) and concentrating solar power (CSP) projects.

DOE says that the new Solar Manufacturing 2 funding opportunity will support innovative projects that reduce costs along the hardware supply chain and make improvements in manufacturing processes.

Eligible projects may include advanced technology to lower manufacturing costs, as well as demonstrating components of new manufacturing processes to cut project construction and installation time.

More information on the funding opportunity can be found here.



2014-02-13 | Courtesy: U.S. DOE | solarserver.com © Heindl Server GmbH

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