Energy Revolution Cost Advantage

In the future, whether renewable energy can seize the opportunity to accelerate the replacement of coal power depends on whether the economic advantages of renewable energy can continue to be exerted. There is no doubt that the cost of generating electricity from renewable energy will continue to decline. According to the International Renewable Energy Agency, the weighted average cost of global onshore wind power generation can be reduced by 26% by 2025, and the cost of offshore wind power generation can be reduced by 35%. %, the cost of concentrated solar power generation technology can be reduced by at least 37%, and the cost of solar photovoltaic power generation technology can be reduced by 59%.

The above is a small part of the global green transition under the impact of CICC’s energy supply.

The cost of solar photovoltaic power generation technology can be reduced by 59%. It is even stronger than my previous prediction. I predicted that it will drop by about 50% by 2025.

$ Guodian Power (SH600795)$ $ China Resources Power (00836)$ $ Huaneng Power International (00902)$

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