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Grid Parity for Wind and Solar Power - Future Outlook and Impact Analysis

Publisher Name » GlobalData
Published Date » 2012-06-07
No. Of Pages » 133

Grid Parity for Wind and Solar Power - Future Outlook and Impact Analysis" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind and solar power markets.

The research provides historical and forecast (2006-2020) installed capacity for global wind and solar PV market. The report analyzes Levelized Cost of Energy (LCOE) for wind and solar PV in major countries such as the US, Germany, Italy, the UK, China and India. LCOE for solar PV and wind is compared with conventional fuel sources such as coal, Combined Cycle Gas Turbine (CCGT) and nuclear power. The report provides analysis on solar PV grid parity and its future outlook for the abovementioned countries.

The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalDatas Team of industry experts.

Scope

The report analyses Levelized Cost of Energy (LCOE) for wind and solar PV and its scope includes -
  • Market overview for solar and wind power in the world and for the key countries such as the US, Germany, Italy, the UK, China and India. 
  • Historical and forecast (2006-2020) installed capacity statistics for global and key countries is discussed in detail.
  • The report analyzes Levelized Cost of Energy (LCOE) for wind and solar PV in major countries.
  • Comparison of solar PV and wind LCOE with conventional fuel sources such as coal, Combined Cycle Gas Turbine (CCGT) and nuclear power.
  • LCOE comparison with average retail electricity prices to estimate grid parity.
Reasons to buy

The report will enhance your decision making capability. It will allow you to -
  • Facilitate decision making based on strong historic and forecast data for the wind and solar markets.
  • Estimate future cost trends in solar and wind markets.
  • Understand the cost of generation for wind and solar power in major countries such as the US, Germany, Italy, the UK, China and India and frame strategies based on future outlook .
  • Position yourself to maximize potential in the growth markets of solar and wind.
Table of Contents

1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 7

2 Introduction 9
2.1 Grid Parity, Definition 9
2.2 Levelized Cost of Energy (LCOE), Definition 9
2.3 GlobalData Report Guidance 10

3 Wind and Solar PV Market, Global, 2006-2020 12
3.1 Wind and Solar PV Market, Global, Market Overview 12
3.2 Wind Power Market, Global, Installed Capacity, 2006-2020 14
3.3 Wind Power Market, Global, Installed Capacity Share by Country, 2011 16
3.3.1 Wind Power Market, Global, Cumulative Installed Capacity Share by Country, %, 2011 16
3.3.2 Wind Power Market, Global, Annual Installed Capacity Share by Country, %, 2011 18
3.4 Wind Power Market, Global, LCOE Comparison among Selected Countries, 2011 19
3.5 Solar PV Market, Global, Installed Capacity, 2006-2020 20
3.6 Solar PV Market, Global, Installed Capacity Share by Key Country, 2011 22
3.6.1 Solar PV Market, Global, Cumulative Installed Capacity Share by Country, %, 2011 22
3.6.2 Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011 23
3.7 Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011 24

4 Grid Parity for Wind and Solar PV, The US 25
4.1 Wind and Solar PV Market, The US, Market Overview 25
4.2 Wind Power Market, The US, Installed Capacity, 2006-2020 26
4.2.1 Wind Power Market, The US, LCOE Range, 2011-2025 28
4.3 Solar PV Market, The US, Installed Capacity, 2006-2020 30
4.3.1 Solar PV Market, The US, LCOE Range, 2011-2025 32
4.4 Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, 2011-2025 33
4.5 Wind and Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025 39

5 Grid Parity for Wind and Solar PV, Germany 42
5.1 Wind and Solar PV Market, Germany, Market Overview 42
5.2 Wind Power Market, Germany, Installed Capacity, 2006-2020 43
5.2.1 Wind Power Market, Germany, LCOE Range, 2011-2025 46
5.3 Solar PV Market, Installed Capacity, 2006-2020 49
5.3.1 Solar PV Market, Germany, LCOE Range, 2011-2025 51
5.4 Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, 2011-2025 52
5.5 Wind and Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025 58

6.1 Wind and Solar PV Market, Italy, Market Overview 61
6.2 Wind Power Market, Italy, Installed Capacity, 2006-2020 62
6.2.1 Wind Power Market, Italy, LCOE Range, 2011-2025 64
6.3 Solar PV Market, Italy, Installed Capacity, 2006-2020 66
6.3.1 Solar PV Market, Italy, LCOE Range, 2011-2025 68
6.4 Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, 2011-2025 69
6.5 Wind and Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025 75

7 Grid Parity for Wind and Solar PV, The UK 78
7.1 Wind and Solar PV Market, The UK, Market Overview 78
7.2 Wind Power Market, The UK, Installed Capacity, 2006-2020 79
7.2.1 Wind Power Market, The UK, LCOE Range, 2011-2025 84
7.3 Solar PV Market, The UK, Installed Capacity, 2006-2020 87
7.3.1 Solar PV Market, The UK, LCOE Range, 2011-2025 88
7.4 Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, 2011-2025 90
7.5 Wind and Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025 96

8 Grid Parity for Wind and Solar PV, China 99
8.1 Wind and Solar PV Market, China, Market Overview 99
8.2 Wind Power Market, China, Installed Capacity, 2006-2020 100
8.2.1 Wind Power Market, China, LCOE Range, 2011-2025 103
8.3 Solar PV Market, China, Installed Capacity, 2006-2020 104
8.3.1 Solar PV Market, China, LCOE Range, 2011-2025 106
8.4 Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, 2011-2025 107
8.5 Wind and Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025 113

9 Grid Parity for Wind and Solar PV, India 115
9.1 Wind and Solar PV Market, India, Market Overview 115
9.2 Wind Power Market, India, Installed Capacity, 2006-2020 116
9.2.1 Wind Power Market, India, LCOE Range, 2011-2025 118
9.3 Solar PV Market, India, Installed Capacity, 2006-2020 120
9.3.1 Solar PV Market, India, LCOE Range, 2011-2025 122
9.4 Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, 2011-2025 123
9.5 Wind and Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025 129

10 Appendix 131
10.1 Abbreviations 131
10.2 Methodology 131
10.2.1 Secondary Research 131
10.2.2 Primary Research 132
10.2.3 Data Modeling 132
10.2.4 Market Estimates and Assumptions 132
10.2.5 Conversion Rates 133
10.3 Contact Us 133
10.4 Disclaimer 133

List of Tables


Table 1: Power Generating Sources Covered as Part of the Report 10
Table 2: Renewable Power Market, Global, Cumulative Installed Capacity Share by Source, (%), 2011 13
Table 3: Wind Power Market, Global, Installed Capacity, MW, 2006-2020 15
Table 4: Wind Power Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011 17
Table 5: Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2011 18
Table 6: Wind Power Market, Global, LCOE Comparison among Selected Countries, $/kWh, 2011 19
Table 7: Solar PV Market, Global, Installed Capacity, MW, 2006-2020 21
Table 8: Solar PV Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011 22
Table 9: Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011 23
Table 10: Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011 24
Table 11: Renewable Power Market, The US, Cumulative Installed Capacity Share by Source, (%), 2011 25
Table 12: Wind Power Market, The US, Installed Capacity, MW, 2006-2020 27
Table 13: Wind Power Market, The US, Assumptions for LCOE Calculation 28
Table 14: Wind Power Market, The US, LCOE Range, $/kWh, 2011-2025 29
Table 15: Solar PV Market, The US, Installed Capacity, MW, 2006-2020 31
Table 16: Solar PV Market, The US, Assumptions for LCOE Calculation 32
Table 17: Solar PV Market, The US, LCOE Range, $/kWh, 2011-2025 33
Table 18: Conventional Power Sources, The US, Assumptions for LCOE Calculation 33
Table 19: Wind and Solar PV Market, Impact of Various Parameters on LCOE 34
Table 20: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 35
Table 21: Wind and Solar PV Market, Impact of Various Parameters on LCOE 35
Table 22: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 37
Table 23: Wind and Solar PV Market, Impact of Various Parameters on LCOE 37
Table 24: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 38
Table 25: Wind Power Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025 40
Table 26: Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025 41
Table 27: Renewable Power Market, Germany, Cumulative Installed Capacity Share by Source, (%), 2011 42
Table 28: Wind Power Market, Germany, Installed Capacity, MW, 2006-2020 45
Table 29: Onshore Wind Power Market, Germany, Assumptions for LCOE Calculation 46
Table 30: Onshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025 47
Table 31: Offshore Wind Power Market, Germany, Assumptions for LCOE Calculation 47
Table 32: Offshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025 48
Table 33: Solar PV Market, Germany, Installed Capacity, MW, 2006-2020 50
Table 34: Solar PV Market, Germany, Assumptions for LCOE Calculation 51
Table 35: Solar PV Market, Germany, LCOE Range, $/kWh, 2011-2025 52
Table 36: Conventional Power Sources, Germany, Assumptions for LCOE Calculation 52
Table 37: Wind and Solar PV Market, Impact of Various Parameters on LCOE 53
Table 38: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 54
Table 39: Wind and Solar PV Market, Impact of Various Parameters on LCOE 54
Table 40: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 56
Table 41: Wind and Solar PV Market, Impact of Various Parameters on LCOE 56
Table 42: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 57
Table 43: Offshore Wind Power Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025 59
Table 44: Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025 60
Table 45: Renewable Power Market, Italy, Cumulative Installed Capacity Share by Source, (%), 2011 61
Table 46: Wind Power Market, Italy, Installed Capacity, MW, 2006-2020 63
Table 47: Wind Power Market, Italy, Assumptions for LCOE Calculation 64
Table 48: Wind Power Market, Italy, LCOE Range, $/kWh, 2011-2025 65
Table 49: Solar PV Market, Italy, Installed Capacity, MW, 2006-2020 67
Table 50: Solar PV Market, Italy, Assumptions for LCOE Calculation 68
Table 51: Solar PV Market, Italy, LCOE Range, $/kWh, 2011-2025 69
Table 52: Conventional Power Sources, Italy, Assumptions for LCOE Calculation 69
Table 53: Wind and Solar PV Market, Impact of Various Parameters on LCOE 70
Table 54: Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 71
Table 55: Wind and Solar PV Market, Impact of Various Parameters on LCOE 71
Table 56: Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 73
Table 57: Wind and Solar PV Market, Impact of Various Parameters on LCOE 73
Table 58: Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 74
Table 59: Onshore Wind Power Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025 76
Table 60: Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025 77
Table 61: Renewable Power Market, The UK, Cumulative Installed Capacity Share by Source, (%), 2011 78
Table 62: Wind Power Market, The UK, Pipeline Projects in Capacity, MW, September 2011 80
Table 63: Wind Power Market, The UK, Offshore Projects in Various Stages of the Approval Process, MW, September 2011 81
Table 64: Offshore Wind Power Market, The UK, Status of Round 1 and Round 2 Wind Farms, Number of Projects, September 2011 82
Table 65: Wind Power Market, The UK, Installed Capacity, MW, 2006-2020 83
Table 66: Onshore Wind Power Market, The UK, Assumptions for LCOE Calculation 84
Table 67: Onshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025 85
Table 68: Offshore Wind Power Market, The UK, Assumptions for LCOE Calculation 85
Table 69: Offshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025 86
Table 70: Solar PV Market, The UK, Installed Capacity, MW, 2006-2020 88
Table 71: Solar PV Market, The UK, Assumptions for LCOE Calculation 88
Table 72: Solar PV Market, The UK, LCOE Range, $/kWh, 2011-2025 89
Table 73: Conventional Power Sources, The UK, Assumptions for LCOE Calculation 90
Table 74: Wind and Solar PV Market, Impact of Various Parameters on LCOE 90
Table 75: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 92
Table 76: Wind and Solar PV Market, Impact of Various Parameters on LCOE 92
Table 77: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 93
Table 78: Wind and Solar PV Market, Impact of Various Parameters on LCOE 94
Table 79: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 95
Table 80: Offshore Wind Power Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025 97
Table 81: Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025 98
Table 82: Renewable Power Market, China, Cumulative Installed Capacity Share by Source, (%), 2011 99
Table 83: Wind Power Market, China, Installed Capacity, MW, 2006-2020 102
Table 84: Wind Power Market, China, Assumptions for LCOE Calculation 103
Table 85: Wind Power Market, China, LCOE Range, $/kWh, 2011-2025 104
Table 86: Solar PV Market, China, Installed Capacity, MW, 2006-2020 105
Table 87: Solar PV Market, China, Assumptions for LCOE Calculation 106
Table 88: Solar PV Market, China, LCOE Range, $/kWh, 2011-2025 107
Table 89: Conventional Power Sources, China, Assumptions for LCOE Calculation 107
Table 90: Wind and Solar PV Market, Impact of Various Parameters on LCOE 108
Table 91: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 109
Table 92: Wind and Solar PV Market, Impact of Various Parameters on LCOE 109
Table 93: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 110
Table 94: Wind and Solar PV Market, Impact of Various Parameters on LCOE 111
Table 95: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 112
Table 96: Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025 114
Table 97: Renewable Power Market, India, Cumulative Installed Capacity Share by Source, (%), 2011 115
Table 98: Wind Power Market, India, Installed Capacity, MW, 2006-2020 117
Table 99: Wind Power Market, India, Assumptions for LCOE Calculation 118
Table 100: Wind Power Market, India, LCOE Range, $/kWh, 2011-2025 119
Table 101: Solar PV Market, India, Installed Capacity, MW, 2006-2020 121
Table 102: Solar PV Power Market, India, Assumptions for LCOE Calculation 122
Table 103: Solar PV Power Market, India, LCOE Range, $/kWh, 2011-2025 123
Table 104: Conventional Power Sources, India, Assumptions for LCOE Calculation 123
Table 105: Wind and Solar PV Market, Impact of Various Parameters on LCOE 124
Table 106: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 125
Table 107: Wind and Solar PV Market, Impact of Various Parameters on LCOE 125
Table 108: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 126
Table 109: Wind and Solar PV Market, Impact of Various Parameters on LCOE 127
Table 110: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 128
Table 111: Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025 130
Table 112: Abbreviations 131
Table 113: Conversion Rates to USD 133

List of Figures


Figure 1: Renewable Power Market, Global, Cumulative Installed Capacity Share by Source, (%), 2011 12
Figure 2: Wind Power Market, Global, Installed Capacity, MW, 2006-2020 14
Figure 3: Wind Power Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011 16
Figure 4: Wind Power Market, Global, Annual Installed Capacity Share by Country, (%), 2011 18
Figure 5: Wind Power Market, Global, LCOE Comparison among Selected Countries, $/kWh, 2011 19
Figure 6: Solar PV Market, Global, Installed Capacity, MW, 2006-2020 20
Figure 7: Solar PV Market, Global, Cumulative Installed Capacity Share by Country, (%), 2011 22
Figure 8: Solar PV Market, Global, Annual Installed Capacity Share by Country, %, 2011 23
Figure 9: Solar PV Market, Global, LCOE Comparison among Selected Countries, 2011 24
Figure 10: Renewable Power Market, The US, Cumulative Installed Capacity Share by Source, (%), 2011 25
Figure 11: Wind Power Market, The US, Installed Capacity, MW, 2006-2020 27
Figure 12: Wind Power Market, The US, LCOE Range, $/kWh, 2011-2025 28
Figure 13: Solar PV Market, The US, Installed Capacity, MW, 2006-2020 30
Figure 14: Solar PV Market, The US, LCOE Range, $/kWh, 2011-2025 32
Figure 15: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 34
Figure 16: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 36
Figure 17: Wind and Solar PV Market, The US, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 38
Figure 18: Wind Power Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025 39
Figure 19: Solar PV Market, The US, LCOE Comparison with Retail Electricity Prices, 2011-2025 41
Figure 20: Renewable Power Market, Germany, Cumulative Installed Capacity Share by Source, (%), 2011 42
Figure 21: Wind Power Market, Germany, Installed Capacity, MW, 2006-2020 44
Figure 22: Onshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025 46
Figure 23: Offshore Wind Power Market, Germany, LCOE Range, $/kWh, 2011-2025 48
Figure 24: Solar PV Market, Germany, Installed Capacity, MW, 2006-2020 49
Figure 25: Solar PV Market, Germany, LCOE Range, $/kWh, 2011-2025 51
Figure 26: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 53
Figure 27: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 55
Figure 28: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 57
Figure 29: Offshore Wind Power Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025 58
Figure 30: Solar PV Market, Germany, LCOE Comparison with Retail Electricity Prices, 2011-2025 60
Figure 31: Renewable Power Market, Italy, Cumulative Installed Capacity Share by Source, (%), 2011 61
Figure 32: Wind Power Market, Italy, Installed Capacity, MW, 2006-2020 63
Figure 33: Wind Power Market, Italy, LCOE Range, $/kWh, 2011-2025 64
Figure 34: Solar PV Market, Italy, Installed Capacity, MW, 2006-2020 67
Figure 35: Solar PV Market, Italy, LCOE Range, $/kWh, 2011-2025 68
Figure 36: Wind and Solar PV Market, Germany, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 70
Figure 37: Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 72
Figure 38: Wind and Solar PV Market, Italy, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 74
Figure 39: Onshore Wind Power Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025 75
Figure 40: Solar PV Market, Italy, LCOE Comparison with Retail Electricity Prices, 2011-2025 77
Figure 41: Renewable Power Market, The UK, Cumulative Installed Capacity Share by Source, (%), 2011 78
Figure 42: Wind Power Market, The UK, Pipeline Projects in Capacity, MW, September 2011 80
Figure 43: Wind Power Market, The UK, Offshore Projects in Various Stages of the Approval Process, MW, September 2011 81
Figure 44: Offshore Wind Power Market, The UK, Status of Round 1 and Round 2 Wind Farms, Number of Projects, September 2011 82
Figure 45: Wind Power Market, The UK, Installed Capacity, MW, 2006-2020 83
Figure 46: Onshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025 84
Figure 47: Offshore Wind Power Market, The UK, LCOE Range, $/kWh, 2011-2025 86
Figure 48: Solar PV Market, The UK, Installed Capacity, MW, 2006-2020 87
Figure 49: Solar PV Market, The UK, LCOE Range, $/kWh, 2011-2025 89
Figure 50: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 91
Figure 51: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 93
Figure 52: Wind and Solar PV Market, The UK, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 94
Figure 53: Offshore Wind Power Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025 96
Figure 54: Solar PV Market, The UK, LCOE Comparison with Retail Electricity Prices, 2011-2025 98
Figure 55: Renewable Power Market, China, Cumulative Installed Capacity Share by Source, (%), 2011 99
Figure 56: Wind Power Market, China, Installed Capacity, MW, 2006-2020 101
Figure 57: Wind Power Market, China LCOE Range, $/kWh, 2011-2025 103
Figure 58: Solar PV Market, China, Installed Capacity, MW, 2006-2020 105
Figure 59: Solar PV Market, China, LCOE Range, $/kWh, 2011-2025 106
Figure 60: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 108
Figure 61: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 110
Figure 62: Wind and Solar PV Market, China, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 111
Figure 63: Solar PV Market, China, LCOE Comparison with Retail Electricity Prices, 2011-2025 113
Figure 64: Renewable Power Market, India, Cumulative Installed Capacity Share by Source, (%), 2011 115
Figure 65: Wind Power Market, India, Installed Capacity, MW, 2006-2020 117
Figure 66: Wind Power Market, India, LCOE Range, $/kWh, 2011-2025 118
Figure 67: Solar PV Market, India, Installed Capacity, MW, 2006-2020 120
Figure 68: Solar PV Power Market, India, LCOE Range, $/kWh, 2011-2025 122
Figure 69: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case I, 2011-2025 124
Figure 70: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case II, 2011-2025 126
Figure 71: Wind and Solar PV Market, India, LCOE Comparison with Conventional Power Sources, Case III, 2011-2025 127
Figure 72: Solar PV Market, India, LCOE Comparison with Retail Electricity Prices, 2011-2025 129

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