World Economic Forum - Energies Technologies 2030
image credit: Credit: World Economic Forum
- Aug 13, 2020 4:20 pm GMTAug 13, 2020 9:48 am GMT
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Wind and Solar will keep their lead.
Predicting the future is not easy, but some predictions are easier than others.
The World Economic Forum convened experts from several organizations including IEA, IRENA, BNEF and IHS Markit as well as manufacturers and other energy leaders to agree the 2030 trajectory for wind and solar PV. Together, the group, which included Gerard Reid, looked at past performance, new developments and other facts to come up with a forecast for their likely evolution to 2030.
The experts agreed that cost reductions and performance improvements will continue. Costs of solar PV energy will decrease by 50% while onshore and offshore wind energy costs will fall by 25 and 50%, respectively, driven by technological improvements and economies of scale.