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Solar energy is considered the cheapest renewable energy in the world

Written by Valdemar Medeiros
Published 27/03/2021 às 11:25
Solar energy - renewable energy
Covered building and solar panels – Source: Google Reproduction

Average solar power module costs have fallen worldwide, making renewable energy more affordable

Renewable energy is increasingly included in our reality, which was previously considered quite uncommon and expensive, but this may change in the future, because after a long price drop over the years, solar energy has become the cheapest option of electricity in history.

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This result does not mean that solar energy is the cheapest renewable energy in all regions of the world, but even so, in the United States, the average cost of solar modules has dropped dramatically over the last 15 years, falling from US$ 3.50/Wp to US$0.50/Wp.

Future market plans

O United States Department of Energy (DOE) has a goal of cutting solar power plant costs by 60% by 2030. Current US Secretary of Energy Jennifer M. Granholm said, “In many parts of the country, solar energy is already cheaper than solar energy. than coal and other fossil fuels, and with more innovation, we can cut the cost again by more than half within a decade.”

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According to her, with funding of US$ 126 million (About R$ 716 million, in the current conversion) that is already reserved for the initiative, it will be possible to move towards President Biden's goal of using 100% clean electricity by 2035 .

Solar energy market in Brazil

Photovoltaic energy is renewable energy that has been growing by leaps and bounds. There are several economic and environmental benefits that are helping to drive the growth of this renewable energy source.

It represents, in Brazil, only 1,7 of the entire energy matrix, however, the number of photovoltaic systems installed in the Brazilian territory has grown considerably, mainly in the South and Southeast regions of the country.

Solar renewable energy is being used in Brazil mostly in homes, as an aid in reducing the electricity bill, either through thermal energy, heating water, or with the use of photovoltaic energy generating electricity.

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Valdemar Medeiros

Journalist in training, specialist in creating content with a focus on SEO actions. Writes about the Automotive Industry, Renewable Energy and Science and Technology

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