Solar plants cheaper than natural gas ‘just about everywhere’ by 2023

by Karl-erik Stromsta, Greentech Media

Solar will soon be able to out-compete gas-fired plants around the world on a levelized cost basis*. That doesn’t mean it will be any easier to make a living in the solar business.

“By 2023, we think solar’s going to be cheaper than gas almost everywhere around the world,” Tom Heggarty, senior solar analyst for Wood Mackenzie Power & Renewables, said Tuesday at GTM Solar Summit in Phoenix.

New combined-cycle gas plants remain competitive with new utility solar in many big markets today, from China to the U.K. to South Korea. But that will no longer be the case by the early 2020s, as equipment costs continue to fall and competitive auctions proliferate, Heggarty said.

Read more: https://www.greentechmedia.com/articles/read/solar-plants-cheaper-than-natural-gas-just-about-everywhere-by-2023-woodmac#gs.d9fuum

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