PV is not only cheaper on a new-for-new basis, it is also less expensive to build a new pv plant than continuing to fire existing coal-fired power stations, with that metric applying to the most expensive 35% of power stations today.
According to a new report of Carbon Tracker, governments will have to choose between subsidizing coal or raising prices for customers. In many markets, governments are determining electricity prices through energy regulatory bodies. These are faced with either raising electricity prices – to the detriment of end consumers – to make coal profitable, or paying coal generators the difference to balance the books.
Read more: PV Magazine