Grid Parity for Wind and Solar Power – Future Outlook and Impact Analysis

"Grid Parity for Wind and Solar Power – Future Outlook and Impact Analysis" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind and solar power markets. The research provides historical and forecast (2006-2020) installed capacity for global wind and solar PV market. The report analyzes Levelized Cost of Energy (LCOE) for wind and solar PV in major countries such as the US, Germany, Italy, the UK, China and India. LCOE for solar PV and wind is compared with conventional fuel sources such as coal, Combined Cycle Gas Turbine (CCGT) and nuclear power. The report provides analysis on solar PV grid parity and its future outlook for the abovementioned countries. The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s Team of industry experts.

Scope

Market overview for solar and wind power in the world and for the key countries such as the US, Germany, Italy, the UK, China and India.

Historical and forecast (2006-2020) installed capacity statistics for global and key countries is discussed in detail.

The report analyzes Levelized Cost of Energy (LCOE) for wind and solar PV in major countries.

Comparison of solar PV and wind LCOE with conventional fuel sources such as coal, Combined Cycle Gas Turbine (CCGT) and nuclear power.

LCOE comparison with average retail electricity prices to estimate grid parity.

Reasons to buy

Facilitate decision making based on strong historic and forecast data for the wind and solar markets.

Estimate future cost trends in solar and wind markets.

Understand the cost of generation for wind and solar power in major countries such as the US, Germany, Italy, the UK, China and India and frame strategies based on future outlook .

Position yourself to maximize potential in the growth markets of solar and wind.

Table of Contents

1Table of Contents

1.1List of Tables

1.2List of Figures

2Introduction

2.1Grid Parity, Definition

2.2Levelized Cost of Energy (LCOE), Definition

2.3GlobalData Report Guidance

3Wind and Solar PV Market, Global, 2006-2020

3.1Wind and Solar PV Market, Global, Market Overview

3.2Wind Power Market, Global, Installed Capacity, 2006-2020

3.3Wind Power Market, Global, Installed Capacity Share by Country, 2011

3.3.1Wind Power Market, Global, Cumulative Installed Capacity Share by Country, %, 2011

3.3.2Wind Power Market, Global, Annual Installed Capacity Share by Country, %, 2011

3.4Wind Power Market, Global, LCOE Comparison among Selected Countries, 2011

3.5Solar PV Market, Global, Installed Capacity, 2006-2020

3.6Solar PV Market, Global, Installed Capacity Share by Key Country, 2011

3.6.1Solar PV Market, Global, Cumulative Installed Capacity Share by Country, %, 2011

3.6.2Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011

3.7Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011

4Grid Parity for Wind and Solar PV, The US

4.1Wind and Solar PV Market, The US, Market Overview

4.2Wind Power Market, The US, Installed Capacity, 2006-2020

4.2.1Wind Power Market, The US, LCOE Range, 2011-2025

4.3Solar PV Market, The US, Installed Capacity, 2006-2020

4.3.1Solar PV Market, The US, LCOE Range, 2011-2025

4.4Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources,

2011-2025

4.5Wind and Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025

5Grid Parity for Wind and Solar PV, Germany

5.1Wind and Solar PV Market, Germany, Market Overview

5.2Wind Power Market, Germany, Installed Capacity, 2006-2020

5.2.1Wind Power Market, Germany, LCOE Range, 2011-2025

5.3Solar PV Market, Installed Capacity, 2006-2020

5.3.1Solar PV Market, Germany, LCOE Range, 2011-2025

5.4Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, 2011-2025

5.5Wind and Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025

6Grid Parity for Wind and Solar PV, Italy

6.1Wind and Solar PV Market, Italy, Market Overview

6.2Wind Power Market, Italy, Installed Capacity, 2006-2020

6.2.1Wind Power Market, Italy, LCOE Range, 2011-2025

6.3Solar PV Market, Italy, Installed Capacity, 2006-2020

6.3.1Solar PV Market, Italy, LCOE Range, 2011-2025

6.4Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources,

2011-2025

6.5Wind and Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025

7Grid Parity for Wind and Solar PV, The UK

7.1Wind and Solar PV Market, The UK, Market Overview

7.2Wind Power Market, The UK, Installed Capacity, 2006-2020

7.2.1Wind Power Market, The UK, LCOE Range, 2011-2025

7.3Solar PV Market, The UK, Installed Capacity, 2006-2020

7.3.1Solar PV Market, The UK, LCOE Range, 2011-2025

7.4Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources,

2011-2025

7.5Wind and Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025

8Grid Parity for Wind and Solar PV, China

8.1Wind and Solar PV Market, China, Market Overview

8.2Wind Power Market, China, Installed Capacity, 2006-2020

8.2.1Wind Power Market, China, LCOE Range, 2011-2025

8.3Solar PV Market, China, Installed Capacity, 2006-2020

8.3.1Solar PV Market, China, LCOE Range, 2011-2025

8.4Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources,

2011-2025

8.5Wind and Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025

9Grid Parity for Wind and Solar PV, India

9.1Wind and Solar PV Market, India, Market Overview

9.2Wind Power Market, India, Installed Capacity, 2006-2020

9.2.1Wind Power Market, India, LCOE Range, 2011-2025

9.3Solar PV Market, India, Installed Capacity, 2006-2020

9.3.1Solar PV Market, India, LCOE Range, 2011-2025

9.4Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources,

2011-2025

9.5Wind and Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025

10Appendix

10.1Abbreviations

10.2Methodology

10.2.1Secondary Research

10.2.2Conversion Rates

10.3Contact Us

10.4Disclaimer

List of Tables

Table 1:Power Generating Sources Covered as Part of the Report

Table 2:Renewable Power Market, Global, Cumulative Installed Capacity Share by Source, (%), 2011

Table 3:Wind Power Market, Global, Installed Capacity, MW, 2006-2020

Table 4:Wind Power Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011

Table 5:Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2011

Table 6:Wind Power Market, Global, LCOE Comparison among Selected Countries, $/kWh, 2011

Table 7:Solar PV Market, Global, Installed Capacity, MW, 2006-2020

Table 8:Solar PV Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011

Table 9:Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011

Table 10:Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011

Table 11:Renewable Power Market, The US, Cumulative Installed Capacity Share by Source, (%), 2011

Table 12:Wind Power Market, The US, Installed Capacity, MW, 2006-2020

Table 13:Wind Power Market, The US, Assumptions for LCOE Calculation

Table 14:Wind Power Market, The US, LCOE Range, $/kWh, 2011-2025

Table 15:Solar PV Market, The US, Installed Capacity, MW, 2006-2020

Table 16:Solar PV Market, The US, Assumptions for LCOE Calculation

Table 17:Solar PV Market, The US, LCOE Range, $/kWh, 2011-2025

Table 18:Conventional Power Sources, The US, Assumptions for LCOE Calculation

Table 19:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 20:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 21:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 22:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 23:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 24:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 25:Wind Power Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 26:Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 27:Renewable Power Market, Germany, Cumulative Installed Capacity Share by Source, (%), 2011

Table 28:Wind Power Market, Germany, Installed Capacity, MW, 2006-2020

Table 29:Onshore Wind Power Market, Germany, Assumptions for LCOE Calculation

Table 30:Onshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025

Table 31:Offshore Wind Power Market, Germany, Assumptions for LCOE Calculation

Table 32:Offshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025

Table 33:Solar PV Market, Germany, Installed Capacity, MW, 2006-2020

Table 34:Solar PV Market, Germany, Assumptions for LCOE Calculation

Table 35:Solar PV Market, Germany, LCOE Range, $/kWh, 2011-2025

Table 36:Conventional Power Sources, Germany, Assumptions for LCOE Calculation

Table 37:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 38:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 39:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 40:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 41:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 42:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 43:Offshore Wind Power Market, Germany, LCOE Comparison with Retail Electricity Prices,

2011-2025

Table 44:Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 45:Renewable Power Market, Italy, Cumulative Installed Capacity Share by Source, (%), 2011

Table 46:Wind Power Market, Italy, Installed Capacity, MW, 2006-2020

Table 47:Wind Power Market, Italy, Assumptions for LCOE Calculation

Table 48:Wind Power Market, Italy, LCOE Range, $/kWh, 2011-2025

Table 49:Solar PV Market, Italy, Installed Capacity, MW, 2006-2020

Table 50:Solar PV Market, Italy, Assumptions for LCOE Calculation

Table 51:Solar PV Market, Italy, LCOE Range, $/kWh, 2011-2025

Table 52:Conventional Power Sources, Italy, Assumptions for LCOE Calculation

Table 53:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 54:Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 55:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 56:Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 57:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 58:Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 59:Onshore Wind Power Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 60:Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 61:Renewable Power Market, The UK, Cumulative Installed Capacity Share by Source, (%), 2011

Table 62:Wind Power Market, The UK, Pipeline Projects in Capacity, MW, September 2011

Table 63:Wind Power Market, The UK, Offshore Projects in Various Stages of the Approval Process, MW, September 2011

Table 64:Offshore Wind Power Market, The UK, Status of Round 1 and Round 2 Wind Farms, Number of Projects, September 2011

Table 65:Wind Power Market, The UK, Installed Capacity, MW, 2006-2020

Table 66:Onshore Wind Power Market, The UK, Assumptions for LCOE Calculation

Table 67:Onshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025

Table 68:Offshore Wind Power Market, The UK, Assumptions for LCOE Calculation

Table 69:Offshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025

Table 70:Solar PV Market, The UK, Installed Capacity, MW, 2006-2020

Table 71:Solar PV Market, The UK, Assumptions for LCOE Calculation

Table 72:Solar PV Market, The UK, LCOE Range, $/kWh, 2011-2025

Table 73:Conventional Power Sources, The UK, Assumptions for LCOE Calculation

Table 74:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 75:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 76:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 77:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 78:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 79:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 80:Offshore Wind Power Market, The UK, LCOE Comparison with Retail Electricity Prices,

2011-2025

Table 81:Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 82:Renewable Power Market, China, Cumulative Installed Capacity Share by Source, (%), 2011

Table 83:Wind Power Market, China, Installed Capacity, MW, 2006-2020

Table 84:Wind Power Market, China, Assumptions for LCOE Calculation

Table 85:Wind Power Market, China, LCOE Range, $/kWh, 2011-2025

Table 86:Solar PV Market, China, Installed Capacity, MW, 2006-2020

Table 87:Solar PV Market, China, Assumptions for LCOE Calculation

Table 88:Solar PV Market, China, LCOE Range, $/kWh, 2011-2025

Table 89:Conventional Power Sources, China, Assumptions for LCOE Calculation

Table 90:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 91:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 92:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 93:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 94:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 95:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 96:Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 97:Renewable Power Market, India, Cumulative Installed Capacity Share by Source, (%), 2011

Table 98:Wind Power Market, India, Installed Capacity, MW, 2006-2020

Table 99:Wind Power Market, India, Assumptions for LCOE Calculation

Table 100:Wind Power Market, India, LCOE Range, $/kWh, 2011-2025

Table 101:Solar PV Market, India, Installed Capacity, MW, 2006-2020

Table 102:Solar PV Power Market, India, Assumptions for LCOE Calculation

Table 103:Solar PV Power Market, India, LCOE Range, $/kWh, 2011-2025

Table 104:Conventional Power Sources, India, Assumptions for LCOE Calculation

Table 105:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 106:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Table 107:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 108:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Table 109:Wind and Solar PV Market, Impact of Various Parameters on LCOE

Table 110:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Table 111:Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025

Table 112:Abbreviations

Table 113:Conversion Rates to USD

List of Figures

Figure 1:Renewable Power Market, Global, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 2:Wind Power Market, Global, Installed Capacity, MW, 2006-2020

Figure 3:Wind Power Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011

Figure 4:Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2011

Figure 5:Wind Power Market, Global, LCOE Comparison among Selected Countries, $/kWh, 2011

Figure 6:Solar PV Market, Global, Installed Capacity, MW, 2006-2020

Figure 7:Solar PV Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011

Figure 8:Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011

Figure 9:Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011

Figure 10:Renewable Power Market, The US, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 11:Wind Power Market, The US, Installed Capacity, MW, 2006-2020

Figure 12:Wind Power Market, The US, LCOE Range, $/kWh, 2011-2025

Figure 13:Solar PV Market, The US, Installed Capacity, MW, 2006-2020

Figure 14:Solar PV Market, The US, LCOE Range, $/kWh, 2011-2025

Figure 15:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 16:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 17:Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 18:Wind Power Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 19:Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 20:Renewable Power Market, Germany, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 21:Wind Power Market, Germany, Installed Capacity, MW, 2006-2020

Figure 22:Onshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025

Figure 23:Offshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025

Figure 24:Solar PV Market, Germany, Installed Capacity, MW, 2006-2020

Figure 25:Solar PV Market, Germany, LCOE Range, $/kWh, 2011-2025

Figure 26:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 27:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 28:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 29:Offshore Wind Power Market, Germany, LCOE Comparison with Retail Electricity Prices,

2011-2025

Figure 30:Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 31:Renewable Power Market, Italy, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 32:Wind Power Market, Italy, Installed Capacity, MW, 2006-2020

Figure 33:Wind Power Market, Italy, LCOE Range, $/kWh, 2011-2025

Figure 34:Solar PV Market, Italy, Installed Capacity, MW, 2006-2020

Figure 35:Solar PV Market, Italy, LCOE Range, $/kWh, 2011-2025

Figure 36:Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 37:Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 38:Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 39:Onshore Wind Power Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 40:Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 41:Renewable Power Market, The UK, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 42:Wind Power Market, The UK, Pipeline Projects in Capacity, MW, September 2011

Figure 43:Wind Power Market, The UK, Offshore Projects in Various Stages of the Approval Process, MW, September 2011

Figure 44:Offshore Wind Power Market, The UK, Status of Round 1 and Round 2 Wind Farms, Number of Projects, September 2011

Figure 45:Wind Power Market, The UK, Installed Capacity, MW, 2006-2020

Figure 46:Onshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025

Figure 47:Offshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025

Figure 48:Solar PV Market, The UK, Installed Capacity, MW, 2006-2020

Figure 49:Solar PV Market, The UK, LCOE Range, $/kWh, 2011-2025

Figure 50:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 51:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 52:Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 53:Offshore Wind Power Market, The UK, LCOE Comparison with Retail Electricity Prices,

2011-2025

Figure 54:Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 55:Renewable Power Market, China, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 56:Wind Power Market, China, Installed Capacity, MW, 2006-2020

Figure 57:Wind Power Market, China LCOE Range, $/kWh, 2011-2025

Figure 58:Solar PV Market, China, Installed Capacity, MW, 2006-2020

Figure 59:Solar PV Market, China, LCOE Range, $/kWh, 2011-2025

Figure 60:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 61:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 62:Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 63:Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025

Figure 64:Renewable Power Market, India, Cumulative Installed Capacity Share by Source, (%), 2011

Figure 65:Wind Power Market, India, Installed Capacity, MW, 2006-2020

Figure 66:Wind Power Market, India, LCOE Range, $/kWh, 2011-2025

Figure 67:Solar PV Market, India, Installed Capacity, MW, 2006-2020

Figure 68:Solar PV Power Market, India, LCOE Range, $/kWh, 2011-2025

Figure 69:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025

Figure 70:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025

Figure 71:Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025

Figure 72:Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports