For the development of renewable energy, countries and regions all over the world have clear plans. China strives to peak carbon emissions by 2030 and achieve carbon neutrality by 2060; the EU is expected to raise its carbon emission reduction target to 60% by 2030, and the corresponding renewable energy consumption target is raised from 32% to more than 40%.
It is estimated that by 2050, renewable energy power generation will become the world’s largest energy carrier, accounting for 86% of the world’s total power generation. Among them, the cumulative installed capacity of photovoltaic will reach 8519GW, accounting for 43% of the total installed capacity of global electricity.
At present, there is a big gap in this goal in many countries, so it is necessary to support enterprises to enter the photovoltaic industry through subsidies, so that its costs will be further reduced, and the development of photovoltaics will be promoted faster.
In addition to reducing costs and increasing efficiency in the photovoltaic module itself, thanks to the continuous reduction of energy storage costs, the combination of photovoltaic + energy storage can also help the development of a higher proportion of photovoltaics. In this regard, the following issues also need to be resolved to continue to reduce LCOE, support the grid, and integrate energy storage. Some solutions are also needed.
Continuously reducing LCOE requires continuous component innovation, system design optimization, and reduction of non-technical costs, such as land management fees, which are very important for photovoltaic development.