Solar ‘could soon be UK’s cheapest source of energy’
Pv-Magazine | December 12, 2018
The U.K. Solar Trade Association has published a new assessment, finding that the cost of generating solar electricity in the British Isles has already fallen far below its earlier predictions, and could reach GBP 40 (US$50)/MWh by 2030. With the U.K. solar market set to see at least some movement in 2019 after its recent stagnation thanks to the removal of supportive policies, the country’s Solar Trade Association (STA) has updated its assessments of solar’s levelized cost of electricity (LCOE) – the cost of electricity per unit over a project’s lifetime.