Renewable Energy Market Perspectives: Solar PV

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Andrew Robertson
5 years ago
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1 Renewable Energy Market Perspectives: Solar PV Dr Jeremy Leggett Chairman, Solarcentury REVISION March, Tokyo

2 Slough, UK

3 Slough, UK

4 Slough, UK

5 Solar Photovoltaics Global Market Overview Solar PV, existing world capacity Fastest growing power-generation technology, up 72% in 2110 (c. 17GW) 2010 capacity 7x up on 2005 capacity MARKET OVERVIEW: POWER

6 PV MARKET EU SHARE 80,000 PV cumulative capacity EU ROW 70,000 67,500 60,000 50,000 40, ,700 30,000 22,900 20,000 10,000-15,700 9,500 7,000 1,500 1,800 2,300 2,800 4,000 5,

7 PV MARKET 2011 (data mid february 2012) 2011 added 2011 Cumulative Italian market boomed, in an unsustainable way. Behind Italy and Germany, no large sustainable market exist so far in Europe France and Spain are constrained Outside EU, China has taken the first place, with US and JP following. More and more new markets but not mature yet. Italy 9,300 12,800 Germany 7,500 24,700 China 2,200 3,100 USA 1,600 4,200 France 1,600 2,600 Japan 1,300 4,900 UK Australia Belgium 600 1,600 Spain 400 4,200 RoE + RoW 2,670 8,230 Total MW 28,800 68,600 7

8 Cambridgeshire, UK Bari, Italy Cornwall, UK Oxfordshire, UK

9 Birmingham Gazeley, Spain Eden Centre, Cornwall, UK Berlin P&G, Germany

10 EnergyRoof for pitched roofs

11 Yorkshire London Yorkshire, Pyrenees UK UK s first solar street: S Yorkshire HA Maidenhead

12 London Borough of Hackney CIS Tower, Manchester Derby Quad, Derby Eden Centre, Cornwall CGI of Blackfriars, London: world s largest solar bridge

The technical potential of RE of renewable

resulting from the provision of energy services

13 The technical potential of RE of renewable technologies energy to supply technologies energy to services supply greatly energy exceeds services current exceeds demands current demands. resulting from the provision of energy services contribute he increase in atmospheric GHG concentrations.

14 Resource potential for UK solar electricity generation on buildings All building-mounted South-facing roofs only TWh per year % UK electricity 116% 35% Essex, UK

plants (@ 100 MW) 900 HEP plants (@1.3 GW.70% existing) 3.

15 The potential in principle in the 11.5 TW world of ,000 tidal turbines 1MW) 5,350 geothermal plants 100 MW) 900 HEP plants GW.70% existing) 3.8 m turbines (@ 5MW) 720,000 wave converters (@ 750 kw) 1.3 TW water 9% 5.8 TW wind 51% 4.6 TW solar 40% 49,000 CSP plants (@ 300 MW) 40,000 PV plants (@300 MW) 1.7 bn PV rooftops (@ 3 kw) Source: Jacobson & Delucchi, Scientific American, October 2009

RE RE growth capacity has has been been increasing

years. Demand for energy services is increasing.

all new power capacity in that period This equals

GHG emissions resulting from the provision of

16 RE RE growth capacity has has been been increasing speeding up rapidly in recent in years recent years. Demand for energy services is increasing. especially PV 140 GW of new RE power plant capacity was built in GW of new RE plant built = 47% of all new power capacity in that period This equals 47% of all power plants built during that period. GHG emissions resulting from the provision of energy services contribute significantly to the increase in atmospheric GHG concentrations.

17 New installed and decommissioned capacity in 2011 (EU) 21,500 Source: EPIA / EWEA 17

costs have declined in the past and further decline RE costs Business have as mostly usual is been out of declining the question over time and this n be expected in the

18 costs have declined in the past and further decline RE costs Business have as mostly usual is been out of declining the question over time and this n be expected in the future. trend can be expected to continue resulting from the provision of energy services contribute he increase in atmospheric GHG concentrations. Source: IPCC SRREN 2011

19 E costs are still higher than existing energy prices, ut in various Business settings as usual is RE out is of already the question competitive. RE levelized costs are still higher than most conventional energy but in various settings RE is already competitive resulting from the provision of energy services contribute he increase in atmospheric GHG concentrations. Source: IPCC SRREN

20 5 Chairmen and CEOs from a cross section of UK industry The next five years will see us face another crunch the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well...our message to government and businesses is clear. Act...Don't let the oil crunch catch us out in the way that the credit crunch did.

25 Thank you