There are currently 840 million people around the world living without electricity. By 2030, this figure will rise to 1.2 billion as the global population expands and electricity grids remain the same. However, this could change by marrying solar with mini-grids, a new report from the World Bank says.
According to OilPrice, at the moment, some 47 million people in remote locations have been connected to mini-grids, most of them in Asia. There are 19,000 of these mini-grids, and most of them run on diesel or hydropower. However, in light of the global sustainability drive, diesel is not the best option. Solar, on the other hand, could be, according to the World Bank.
the cost of a so-called hybrid solar system, which means generation plus storage capacity, currently averages US$3,908 per kW. However, by 2030 this will fall below US$3,000. The cost of PV modules will drop a lot more substantially, from US$690 per kWp to US$140 per kWp. Lithium-ion battery costs are also set for a dramatic decrease, from almost US$600 per kWh today to as little as US$62 per kWh in 2030. Finally, PV inverters needed for these systems will cost just US$58 per kW in 2030 versus US$264 per kW now.
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Date: Jun 30, 2019 @ 16:30
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