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- W3202617832 abstract "Berkeley Lab’s “Utility-Scale Solar, 2021 Edition” provides an overview of key trends in the U.S. market, with a focus on 2020. Highlights of this year’s update include: -A record of nearly 9.6 GWAC of new utility-scale PV capacity came online in 2020, bringing cumulative installed capacity to more than 38.7 GWAC across 43 states. -89% of all new utility-scale PV capacity added in 2020 uses single-axis tracking. -Median installed project costs declined to $$$1.4/WAC (or $$$1.1/WDC) in 2020. -Project-level capacity factors vary widely, from 9% to 36% (on an AC basis), with a sample median of 24%. The report explores drivers of this variation. -Utility-scale PV’s LCOE fell to $$$34/MWh in 2020 ($$$28/MWh if factoring in the federal investment tax credit, or ITC). -PPA prices have largely followed the decline in solar’s LCOE over time, but have stagnated more recently. Prices from a sample of recent contracts average just above $$$20/MWh (levelized). -In 2020, solar’s average market value (defined in the report to include only energy and capacity value) exceeded average wholesale prices in 12 of the 17 balancing authorities analyzed (including 4 of the 7 independent system operators across the United States). Adding battery storage is one way to increase the value of solar. Our public data file tracks metadata for more than 150 PV+battery hybrid projects that are already online or that have secured offtake arrangements. -At the end of 2020, there were at least 460 GW of utility-scale solar power capacity within the interconnection queues across the nation, 160 GW of which include batteries. For more information, and to explore related interactive data visualizations, go to utilityscalesolar.lbl.gov." @default.
- W3202617832 created "2021-10-11" @default.
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- W3202617832 date "2021-10-04" @default.
- W3202617832 modified "2023-10-05" @default.
- W3202617832 title "Utility-Scale Solar, 2021 Edition: Empirical Trends in Deployment, Technology, Cost, Performance, PPA Pricing, and Value in the United States [Slides]" @default.
- W3202617832 doi "https://doi.org/10.2172/1823604" @default.
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