The total worldwide electricity cumulative installed capacity topped 5,026 GW in 2010 and cumulative installed capacity is expected to grow to 6,416 GW in 2016 with a CAGR of 4 % over the next five years.
Volatility in fossil fuel costs, coupled with the environmental problems associated with burning such fuels, could be a positive factor driving increased acceptance of alternative technologies, especially for environmentally friendly technologies such as wind and solar. Although the high cost and variability challenges faced by the renewable energy sources pose some challenge but the new innovations is expected to reduce the cost of electricity and renewable energy is expected to witness robust growth in the future.
Lucintel’s research indicates that, levelized cost of energy for natural gas is the lowest $ 62/MWh whereas solar PV has the highest LCOE at $ 253/MWh. The LCOE of wind energy is high due to increase in the price of wind turbines. A substantial decrease is expected in the cost of solar PV because of decline in the cost of the solar modules largely driven by decreases in the price of raw materials (e.g. Polysilicon) and increased competition among polysilicon suppliers. It is expected that the LCOE for solar PV would be $ 223/MWh in Q4 2012.
Although conventional energy sources are the biggest and by far the largest source of energy today but conventional sources are making way for non conventional energy sources because of their finite existence and their increasing footprint.
Lucintel’s research report provides trend scenarios and forecast statistics for quarterly cost of different energy sources for 2005–2012; details the industry’s drivers and challenges; production; consumption; and demand and supply scenarios of the different energy industry. The report also examines emerging trends and status of conventional and non conventional energy sources in US.
This unique report from Lucintel offers valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in this market. This report can save hundreds of hours of your own personal research time and significantly benefit you in expanding your business in this market. In today’s turbulent economy, you need every advantage that you can find to keep ahead in your business.
Features of This Report
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, quarterly cost analysis, benchmarking and many more that are dealing with this market.
· Trend (Q1 2005-Q4 2010) and forecast (Q1 2011–Q4 2012) of quarterly cost analysis for coal, natural gas, nuclear, wind, solar PV, in terms of $/MWh
· Major growth drivers and challenges for each of energy sources
· Trend and forecast of levelized cost of energy (LCOE) for each of the energy sources of Q4 2010 in terms of $/MWh
· Growth opportunities of coal, natural gas, nuclear, wind, solar PV
· Capital cost, operational and maintenance cost and fuel cost for different energy sources in Q4 2010
· Cost breakdowns for different energy sources in Q4 2010
· Emerging trends in conventional and renewable energy sources
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Report on Quarterly Competitive Analysis of Conventional and Renewable Energy Sources in US Market
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