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According to greentechmeia news, Solar-plus-storage is already competitive with the world’s most efficient form of gas generation in Morocco and Jordan.
Solar on its own is much cheaper than combined-cycle gas turbines (CCGTs) in both markets. The fact that solar was still competitive with the most efficient gas technology after adding battery storage, which bumps up the cost by 126 percent, was “quite big news,” said Rory McCarthy, senior storage analyst for Wood Mackenzie Power & Renewables.
The firm’s latest figures show the levelized cost of energy (LCOE) for solar-plus-storage ranging between around $60 and $100 per megawatt-hour across five Middle East and African countries: Egypt, Jordan, Morocco, South Africa and United Arab Emirates (UEA). This puts the combination of solar and batteries on level footing today with CCGTs in Morocco, which have a fuel cost of $6.90 to $9 per million Btu, and starting this year in Jordan, where the fuel cost is from $5.60 to $6.80 per mmBtu. In Egypt, for comparison, the gas price to the power sector is currently $3 per mmBtu.
For gas-poor countries like Morrocco and Jordan, solar-plus-storage will be driven by the need to reduce reliance on expensive gas imports.
By 2023, Wood Mackenzie predicts that the cost premium for storage will have dropped to 85 percent and solar LCOEs will have come down, too. ——————–***——————–
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Location: Oslo, Norway
Date: Jan 22, 2019 @ 16:30
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