• Waves of Change: Charting the Energy Transition | CERAWeek
  • 9 - 13 March 2020, Houston, TX
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Session Details

How PV Competes in a Low Cost, Low Revenue Environment?

Thursday, March 12

07:30 am - 08:40 am
Utility-scale solar PV accounted for 20% of power capacity additions last year, growing from virtually nothing at the beginning of the century to over 270 GW of installed capacity in 2019. Solar power plants are expected to grow faster than any other technology, with installations to at least double again by 2030. At the same time, costs for newly installed systems have plummeted, driven by continuous innovations in the supply chain and fierce competition among developers owing to the phaseout of direct subsidies and the introduction of competitive tenders. Will the supply chain be able to deliver on expectations of further cost reductions? How can companies stay competitive in an extremely low-price tender environment? What is the reality behind “zero-subsidy” bids in recent solar auctions? How can developers deal with the risks of value erosion through revenue cannibalization in merchant markets?
Session Speakers