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tt0448134 writes:

A new report [reneweconomy.com.au] finds solar will be cheaper than wholesale electricity prices across Europe by 2030 – without the need for any technological breakthroughs. The implications for fossil fuels are obvious – and means high renewable targets might reduce the energy costs, rather than increasing them.

The study, by the EU-sponsored European Photovoltaic Technology Platform, found that by 2030, the generation costs of solar PV – including grid integration costs of 2c/kWh– will be lower than the wholesale price of electricity in most of Europe. In southern European states, it already is cheaper, and by 2030 the cost of solar PV could be as low as €20-€25/MWh, depending on the cost of capital. Even in London, the cost of large-scale solar PV will be around €50/MWh – equal to the current wholesale price and way below the cost of nuclear.

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