Developers are focusing on performance improvements, standardization and supply chain savings from large-scale deployments to fend off competition from falling PV and battery prices, industry experts told CSP Today.
Rising wind and PV capacity is increasing the need for additional dispatchable power that can balance the grid and CSP developers must concentrate on lowering costs to compete against gas-fired generation and the falling cost of PV plus battery systems.
The Levelized Cost of Electricity (LCOE) of parabolic trough plants is forecast to fall by 37% to $90/MWh by 2025, and the generation cost of solar towers is set to fall by 43% to $80/MWh, according to the International Renewable Energy Agency (IRENA).
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