Australian solar innovator 5B says the plunging price of...

Australian solar innovator 5B says the plunging price of photovoltaic technology has made the company’s prefabricated Maverick arrays cost-competitive with single axis tracking solar plants – and in some cases cheaper, depending on the quality of the solar resource.

In a presentation to the Large-scale Renewable Generation & Storage Summit in Sydney on Thursday, 5B deputy CEO Nicole Kuepper-Russell said the company’s value proposition was “really singing” since module prices fell to just over 10 cents per watt in China in March.

The low cost of solar was a hot topic at the conference, as was the falling cost of storage.

In a presentation by former Clean Energy Finance Corporation chief Oliver Yates, the renewables investment guru argued cheaper batteries mean most existing government and industry plans should be “shredded and start again” to account for the “new solar/battery economic frontier.”

https://reneweconomy.com.au/forget-nuclear-5b-says-plunging-price-of-pv-means-giga-scale-solar-farms-the-future-for-old-coal-plants/