Utility solar prices will continue to drop all over the world even without subsidies
Hardware costs, cost of labour, favourable cost of capital, low taxes and low, but positive, profit margins all contributed to lowering the price of utility solar power in the Middle East. These prices and policies can be replicated elsewhere without direct subsidies and prices will continue to redu...
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| Veröffentlicht in: | Nature energy 2019-10, Vol.4 (10), p.833-834 |
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| creator | Apostoleris, Harry Sgouridis, Sgouris Stefancich, Marco Chiesa, Matteo |
| description | Hardware costs, cost of labour, favourable cost of capital, low taxes and low, but positive, profit margins all contributed to lowering the price of utility solar power in the Middle East. These prices and policies can be replicated elsewhere without direct subsidies and prices will continue to reduce in the future.
Messages for policy
Electricity from photovoltaics is cheaper than electricity from fossil fuels in sunny regions, when the right financial conditions are met.
Reducing the cost of financing is the key to the widespread implementation of low-cost, large-scale solar energy projects.
When financial costs are low, well-designed solar energy projects will pay for themselves: the revenues from selling electricity at market price are enough to pay off the initial investment.
Governments can support renewable energy development without subsidies, through direct investments, risk mitigation or low-interest loans to solar energy projects.
Local authorities should identify ways to reduce soft costs for project developers, and allow construction of solar projects close to existing access roads and electrical transmission infrastructure. |
| doi_str_mv | 10.1038/s41560-019-0481-4 |
| format | Article |
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Messages for policy
Electricity from photovoltaics is cheaper than electricity from fossil fuels in sunny regions, when the right financial conditions are met.
Reducing the cost of financing is the key to the widespread implementation of low-cost, large-scale solar energy projects.
When financial costs are low, well-designed solar energy projects will pay for themselves: the revenues from selling electricity at market price are enough to pay off the initial investment.
Governments can support renewable energy development without subsidies, through direct investments, risk mitigation or low-interest loans to solar energy projects.
Local authorities should identify ways to reduce soft costs for project developers, and allow construction of solar projects close to existing access roads and electrical transmission infrastructure.</description><identifier>ISSN: 2058-7546</identifier><identifier>EISSN: 2058-7546</identifier><identifier>DOI: 10.1038/s41560-019-0481-4</identifier><language>eng</language><publisher>London: Nature Publishing Group UK</publisher><subject>706/4066/4068 ; 706/4066/4076 ; Access roads ; Alternative energy sources ; Costs ; Economics and Management ; Electrical transmission ; Electricity ; Electricity pricing ; Energy ; Energy costs ; Energy development ; Energy Policy ; Energy Storage ; Energy Systems ; Financing ; Fossil fuels ; Photovoltaic cells ; Photovoltaics ; Policy Brief ; Prices ; Renewable and Green Energy ; Renewable energy ; Risk reduction ; Solar energy ; Solar power ; Subsidies ; Taxation</subject><ispartof>Nature energy, 2019-10, Vol.4 (10), p.833-834</ispartof><rights>Springer Nature Limited 2019</rights><rights>Copyright Nature Publishing Group Oct 2019</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c425t-9cd11255fe75854c6ca8b814058607381edd70fcd2f56b15056170dd08f47e143</citedby><cites>FETCH-LOGICAL-c425t-9cd11255fe75854c6ca8b814058607381edd70fcd2f56b15056170dd08f47e143</cites><orcidid>0000-0002-4241-3765 ; 0000-0001-8170-5288</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1038/s41560-019-0481-4$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1038/s41560-019-0481-4$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Apostoleris, Harry</creatorcontrib><creatorcontrib>Sgouridis, Sgouris</creatorcontrib><creatorcontrib>Stefancich, Marco</creatorcontrib><creatorcontrib>Chiesa, Matteo</creatorcontrib><title>Utility solar prices will continue to drop all over the world even without subsidies</title><title>Nature energy</title><addtitle>Nat Energy</addtitle><description>Hardware costs, cost of labour, favourable cost of capital, low taxes and low, but positive, profit margins all contributed to lowering the price of utility solar power in the Middle East. These prices and policies can be replicated elsewhere without direct subsidies and prices will continue to reduce in the future.
Messages for policy
Electricity from photovoltaics is cheaper than electricity from fossil fuels in sunny regions, when the right financial conditions are met.
Reducing the cost of financing is the key to the widespread implementation of low-cost, large-scale solar energy projects.
When financial costs are low, well-designed solar energy projects will pay for themselves: the revenues from selling electricity at market price are enough to pay off the initial investment.
Governments can support renewable energy development without subsidies, through direct investments, risk mitigation or low-interest loans to solar energy projects.
Local authorities should identify ways to reduce soft costs for project developers, and allow construction of solar projects close to existing access roads and electrical transmission infrastructure.</description><subject>706/4066/4068</subject><subject>706/4066/4076</subject><subject>Access roads</subject><subject>Alternative energy sources</subject><subject>Costs</subject><subject>Economics and Management</subject><subject>Electrical transmission</subject><subject>Electricity</subject><subject>Electricity pricing</subject><subject>Energy</subject><subject>Energy costs</subject><subject>Energy development</subject><subject>Energy Policy</subject><subject>Energy Storage</subject><subject>Energy Systems</subject><subject>Financing</subject><subject>Fossil fuels</subject><subject>Photovoltaic cells</subject><subject>Photovoltaics</subject><subject>Policy Brief</subject><subject>Prices</subject><subject>Renewable and Green Energy</subject><subject>Renewable energy</subject><subject>Risk reduction</subject><subject>Solar energy</subject><subject>Solar power</subject><subject>Subsidies</subject><subject>Taxation</subject><issn>2058-7546</issn><issn>2058-7546</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><recordid>eNp1kE9rwzAMxc3YYKXrB9jNsHM2ybET5zjK_kFhl_ZsUttZU7K4s52Wfvs5ZLBddpIQv_ckPUJuEe4RcvkQOIoCMsAqAy4x4xdkxkDIrBS8uPzTX5NFCHsAYBVjQuKMrDex7dp4psF1tacH32ob6KntOqpdH9t-sDQ6arw70DoN3dF6GneWnpzvDLVH2yc67twQaRi2oTWtDTfkqqm7YBc_dU42z0_r5Wu2en95Wz6uMs2ZiFmlDSITorGlkILrQtdyK5Gnawsoc4nWmBIabVgjii0KEAWWYAzIhpcWeT4nd5PvwbuvwYao9m7wfVqpWA4coSrYSOFEae9C8LZR6cvP2p8VghrzU1N-KuWnxvzUqGGTJiS2_7D-1_l_0Tfyn3Ih</recordid><startdate>20191001</startdate><enddate>20191001</enddate><creator>Apostoleris, Harry</creator><creator>Sgouridis, Sgouris</creator><creator>Stefancich, Marco</creator><creator>Chiesa, Matteo</creator><general>Nature Publishing Group UK</general><general>Nature Publishing Group</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7SP</scope><scope>7SU</scope><scope>7TB</scope><scope>7XB</scope><scope>88I</scope><scope>8FD</scope><scope>8FK</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>C1K</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FR3</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>L7M</scope><scope>M2P</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><orcidid>https://orcid.org/0000-0002-4241-3765</orcidid><orcidid>https://orcid.org/0000-0001-8170-5288</orcidid></search><sort><creationdate>20191001</creationdate><title>Utility solar prices will continue to drop all over the world even without subsidies</title><author>Apostoleris, Harry ; Sgouridis, Sgouris ; Stefancich, Marco ; Chiesa, Matteo</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c425t-9cd11255fe75854c6ca8b814058607381edd70fcd2f56b15056170dd08f47e143</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>706/4066/4068</topic><topic>706/4066/4076</topic><topic>Access roads</topic><topic>Alternative energy sources</topic><topic>Costs</topic><topic>Economics and Management</topic><topic>Electrical transmission</topic><topic>Electricity</topic><topic>Electricity pricing</topic><topic>Energy</topic><topic>Energy costs</topic><topic>Energy development</topic><topic>Energy Policy</topic><topic>Energy Storage</topic><topic>Energy Systems</topic><topic>Financing</topic><topic>Fossil fuels</topic><topic>Photovoltaic cells</topic><topic>Photovoltaics</topic><topic>Policy Brief</topic><topic>Prices</topic><topic>Renewable and Green Energy</topic><topic>Renewable energy</topic><topic>Risk reduction</topic><topic>Solar energy</topic><topic>Solar power</topic><topic>Subsidies</topic><topic>Taxation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Apostoleris, Harry</creatorcontrib><creatorcontrib>Sgouridis, Sgouris</creatorcontrib><creatorcontrib>Stefancich, Marco</creatorcontrib><creatorcontrib>Chiesa, Matteo</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Electronics & Communications Abstracts</collection><collection>Environmental Engineering Abstracts</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>Science Database (Alumni Edition)</collection><collection>Technology Research Database</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Environmental Sciences and Pollution Management</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Engineering Research Database</collection><collection>ProQuest Central Student</collection><collection>SciTech Premium Collection</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Science Database</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Nature energy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Apostoleris, Harry</au><au>Sgouridis, Sgouris</au><au>Stefancich, Marco</au><au>Chiesa, Matteo</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Utility solar prices will continue to drop all over the world even without subsidies</atitle><jtitle>Nature energy</jtitle><stitle>Nat Energy</stitle><date>2019-10-01</date><risdate>2019</risdate><volume>4</volume><issue>10</issue><spage>833</spage><epage>834</epage><pages>833-834</pages><issn>2058-7546</issn><eissn>2058-7546</eissn><abstract>Hardware costs, cost of labour, favourable cost of capital, low taxes and low, but positive, profit margins all contributed to lowering the price of utility solar power in the Middle East. These prices and policies can be replicated elsewhere without direct subsidies and prices will continue to reduce in the future.
Messages for policy
Electricity from photovoltaics is cheaper than electricity from fossil fuels in sunny regions, when the right financial conditions are met.
Reducing the cost of financing is the key to the widespread implementation of low-cost, large-scale solar energy projects.
When financial costs are low, well-designed solar energy projects will pay for themselves: the revenues from selling electricity at market price are enough to pay off the initial investment.
Governments can support renewable energy development without subsidies, through direct investments, risk mitigation or low-interest loans to solar energy projects.
Local authorities should identify ways to reduce soft costs for project developers, and allow construction of solar projects close to existing access roads and electrical transmission infrastructure.</abstract><cop>London</cop><pub>Nature Publishing Group UK</pub><doi>10.1038/s41560-019-0481-4</doi><tpages>2</tpages><orcidid>https://orcid.org/0000-0002-4241-3765</orcidid><orcidid>https://orcid.org/0000-0001-8170-5288</orcidid><oa>free_for_read</oa></addata></record> |
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| subjects | 706/4066/4068 706/4066/4076 Access roads Alternative energy sources Costs Economics and Management Electrical transmission Electricity Electricity pricing Energy Energy costs Energy development Energy Policy Energy Storage Energy Systems Financing Fossil fuels Photovoltaic cells Photovoltaics Policy Brief Prices Renewable and Green Energy Renewable energy Risk reduction Solar energy Solar power Subsidies Taxation |
| title | Utility solar prices will continue to drop all over the world even without subsidies |
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