1 / 9

Story behind the declining solar energy costs

The decline in solar energy costs is due to the technological revolution. But the question is why? Letu2019s find out some reasons behind declining solar energy costs.

Solaristech
Download Presentation

Story behind the declining solar energy costs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DECLINING SOLAR ENERGY COSTS?

  2. What does official statistics say? According to Our World in Data research, the renewable energy cost has drastically decreased to 80% since 2010.

  3. Story behind declining solar energy costs

  4. Research suggests that the declining solar energy cost is due to learning curves and virtuous cycles. The virtuous cycle in the solar energy industry refers to a sudden increase in solar energy demand in the Australian market.

  5. Reasons behind declining solar energy costs

  6. Sunshine and wind energy are free and therefore, businesses are opting for solar energy resources instead of fossil fuels. Adopting solar energy for operational purposes reduced the company’s expenses in comparison to fossil fuels.

  7. Delay in green transition?

  8. Even though renewable energy sources are free and cheaper to build when thinking of a new plant, the metrics do not apply to existing fossil fuels. As a result, there is a delay in the green transition. Sometimes, the regulatory structure of utilities is profitable to keep a coal gas plant running.

  9. Let's work for a green future Contact us or visit www.solaristech.com.au for expert guidance about solar PV installation

More Related