It is evident enough to conclude that solar power is maturing. As the government and more
Meanwhile, in the United States, a project called The SunShot Initiative, which was established way back in 2011, has a 2020 or 2030 target to make solar power affordable in the utility-scale generation, commercial, and residential. The good news is that the 2020 goal was hit before the deadline came up, and it was three years early than expected.
According to Kent Moors, the target of the project per kWh
However, the project underwent adjustments due to inflation. It has adjusted the commercial and residential goals while the utility goal remained the same. This is due to the fact that wholesale power prices declined from 2010 to 2017.
"Relatively early in the process, it was apparent that the initiative was proceeding more rapidly than anticipated. As a result, goals for 2030 were introduced, designed to lower kWh costs to $0.03, $0.04, and $0.05 for utility, commercial, and residential, respectively – half the 2020 goal," Moors elaborated on
"The longer-range goals also focused on a new objective – the reliability of electricity availability. SunShot is now working on advancing grid integration approaches to enable two-way power flows, increase demand response, and optimize charging of electric vehicles."
Going back in Australia, there have been projects underway in Queensland, according to a report by The Guardian. In line with this, the large solar farms have only been producing 2
Green Energy Markets analyst Tristan Edis explained that the over 150,000 solar systems installed last year can power 226,000 homes.
“Meanwhile these solar systems will also save consumers $1.5 billion
As solar power now being given attention by more