INGENIEUR
Figure 16 : Fossil-fuels power plants decarbonisation push & reduction in RE Costs [ Ref . 7 ]
Figure 17 : Cost competitiveness ( LCOE ) of Large-Scale Solar PV plants with Gas & Coal plants [ Ref . 7 ]
dramatically in the past decade , solar power is still not cost competitive with fossil fuels on a global basis , although in some regions it has achieved grid parity , or soon will . The typical levelised cost of electricity ( LCOE ) of conventional electric power plants ( coal and combined cycle gas ) is around RM360 per MWh [ 36 sen per kWh ], compared with nearly RM400 per MWh [ 40 sen per kWh ] for solar . However , there is potential for this rate of improvement to continue through 2025 . The PV cell module and inverter , typically 60 % of the capital costs in these technologies presently , could follow a semiconductor-like improvement in price performance , while panel installation , usually a fifth of the cost , can be made quicker and cheaper through GPS-guided power tools and robots . Overall , it is estimated that technology improvements could reduce
60 VOL 87 JULY-SEPTEMBER 2021