bripat9643
Diamond Member
- Apr 1, 2011
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Anyone who thinks solar power will ever compete economically with fossil fuels should read this article. Those who know better should also read it.
A Solar Power Plant vs. A Natural Gas Power Plant: Capital Cost – Apples to Apples
Conclusion
This back-of-the-envelope analysis suggests that a solar (PV) power plant that could deliver that same results as a gas-fired power plant would cost about 14 times the gas-fired option to build. It is worth noting that the solar option cost excludes any subsidies, investment tax credits, etc, that could narrow the range, but it is obvious from this little exercise that until solar technology improves dramatically, there is little chance that it will replace natural gas as the “go-to” option for new power plants.
Conclusion
This back-of-the-envelope analysis suggests that a solar (PV) power plant that could deliver that same results as a gas-fired power plant would cost about 14 times the gas-fired option to build. It is worth noting that the solar option cost excludes any subsidies, investment tax credits, etc, that could narrow the range, but it is obvious from this little exercise that until solar technology improves dramatically, there is little chance that it will replace natural gas as the “go-to” option for new power plants.
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