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According to Lloyd's Register, grid parity for renewables will be achieved
by 2025.
Grid parity for renewables is expected to be achieved by 2025
Lloyd's Register said that as early as 2022, distributed solar power will be cheaper than grid electricity, and wind power will also achieve grid parity
by 2024.
These inflection points in favor of decarbonizing energy systems are expected to occur first in China and Germany
.
Based on a survey of 792 executives in the renewable energy sector, the results suggest that the decisive mainstream trend in energy balance will take longer
.
It is expected that by 2025, clean electricity resources will surpass fossil fuels in the energy mix of Europe and North America, clean electricity in the Middle East will surpass fossil fuels by 2028, and this trend
will also be realized in the Asia-Pacific region and Africa around 2033.
The findings suggest that grid connectivity, transmission and storage functions
need to be improved before this can be achieved.
Most skeptical executives believe that technological advances will improve the economic case for renewables more than policy factors, but regulations remain a potential disincentive in developed and developing markets
.
This is largely because uncertainty about returns limits technological innovation for many companies, increasing potential deployment costs
.
，
According to Lloyd's Register, grid parity for renewables will be achieved
by 2025.
Grid parity for renewables is expected to be achieved by 2025
Grid parity for renewables is expected to be achieved by 2025Lloyd's Register said that as early as 2022, distributed solar power will be cheaper than grid electricity, and wind power will also achieve grid parity
by 2024.
These inflection points in favor of decarbonizing energy systems are expected to occur first in China and Germany
.
Based on a survey of 792 executives in the renewable energy sector, the results suggest that the decisive mainstream trend in energy balance will take longer
.
It is expected that by 2025, clean electricity resources will surpass fossil fuels in the energy mix of Europe and North America, clean electricity in the Middle East will surpass fossil fuels by 2028, and this trend
will also be realized in the Asia-Pacific region and Africa around 2033.
The findings suggest that grid connectivity, transmission and storage functions
need to be improved before this can be achieved.
Most skeptical executives believe that technological advances will improve the economic case for renewables more than policy factors, but regulations remain a potential disincentive in developed and developing markets
.
This is largely because uncertainty about returns limits technological innovation for many companies, increasing potential deployment costs
.
，
