Levelized cost estimates of solar photovoltaic electricity in the United Kingdom until 2035.

ABSTRACT: Solar photovoltaic (PV) electricity represents one of the most promising sources of clean and affordable energy; however, the share of solar power in electricity production remains low, primarily because of the high installation costs. By conducting a large-scale analysis of electricity pricing, we show that solar PV systems are quickly becoming one of the most competitive sources of electricity. Collecting a contemporary UK dataset of 2010-2021, we analyze the historical levelized cost of electricity for several PV system sizes, project until 2035, and conduct a sensitivity analysis. The cost of PV electricity is currently at about 149 ₤/MWh for the smallest-scale and 51 ₤/MWh for large-scale PV systems, already lower than the wholesale price of electricity, with PV systems predicted to g

SUBMITTER: Mandys F 

PROVIDER: S-EPMC10201302 | biostudies-literature | 2023 May

REPOSITORIES: biostudies-literature