As the price tag for crystalline photo voltaic PV panels falls toward the magic amount of $1/watt, the cost of constructing a utility scale photo voltaic plant methods the price of making an similarly sized wind farm. Increase within the consequences of subsidized renewable energy credits, and also the wind turbine business can be in serious problems.
The problem doesn’t supply lots of consolation for struggling photo voltaic PV makers like Very first Photo voltaic Inc. (NASDAQ: FSLR), Suntech Electrical power Holdings Co. Ltd. (NYSE: STP), JA Solar Holdings Co. Ltd. (NASDAQ: JASO), and lots of some others, nevertheless it does supply a substitute for wind turbine installations which have gotten serious pushback from nearby citizens.
The town of Brewster, Massachusetts, on Cape Cod, has now put a planned wind farm on maintain since it considers setting up a solar farm alternatively. Two planned 410-foot-tall towers ended up planned for that wind farm, however the builder was denied a permit from your nearby arranging board.
According to some much less modern review for the International Energy Company, the levelized charge of developing a wind farm ran inside a selection of $35-$95/megawatt-hour and solar generation cost about $150/megawatt-hour. Each have certainly dropped given that then, but solar prices have fallen by much more than 50 percent, producing photo voltaic installation fairly aggressive with wind.
The large big difference maker, in Brewster’s situation, may be the cost paid for renewable energy credits. The state-mandated assortment for photo voltaic generation is $0.205-$0.58 for each kilowatt-hour, even though the wind electrical power total price is set at $0.025. Photo voltaic just received a great deal a lot more desirable.
Wind turbine rates are falling, far too, just not as quickly as photo voltaic PV selling prices. And photo voltaic installations do not commonly produce the same amount of community opposition as do the tall wind towers which might be deemed unpleasant, noisy, and damaging to nearby residents’ well being. That can change if anyone proposes a substantial good enough solar power farm.