From pv magazine International
U.S.-based energy transition thinktank the Institute for Energy Economics and Financial Analysis (Ieefa) has taken a swipe at intergovernmental peer the International Energy Agency (IEA) over the latter’s prediction the Covid-19 crisis will slow the dramatic cost reductions achieved by the solar industry.
Positing the argument that the final cost of solar energy depends on solar resource, the capital cost of generation facilities and the rate of return on finance, Ieefa’s Tim Buckley pointed out PV projects have continued to be deployed at scale during the global health crisis as finance interest rates have plunged to historic lows because central banks are attempting to propel all types of economic investment during the current shock.
To read full article please visit our site pv magazine International
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
If Renewable Clean Energy (Solar, Hydro, Wind…) is made the “Preferred/Priority source of ENERGY (not just Electeicity) as it’s use ALWAYS REDUCES POLLUTION … then with Cleaner and Cleaner Skies the OUTPUT of PV Panels could increase by anywhere from 5-20% or more…. further enhancing the value of PV Projects.
I would urge “Solar Research Organizations” to address this… and maybe the “Tea Leaf Reading” Investors will give due credit to PV Installations worldwide….