Utility solar dethrones coal as the cheapest power source in Asia
Baua Electric
FEBRUARY 29, 2024
New-build solar project costs are expected to fall by another 20% by 2030 due to lower module prices and an oversupply from China. With an 11% cost reduction in 2023, offshore wind costs are now competitive with coal along China’s coast and are expected to undercut gas in Japan and the Taiwan region by 2027 and 2028, respectively.
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