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

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


Summary


'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 GlobalData’s 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.


Press Release:

Cost of Solar Energy Generation to Compete with Traditional Sources as US and China Reach Grid Parity by 2017.

The cost of energy generation from clean sources such as solar power is edging ever-closer to those attributed to traditional sources, fostering growth in the renewable energy sector, according to a new report by energy experts GlobalData.

The new report* shows that the global cumulative installed solar PV capacity increase of 100% demonstrated during 2009-2011 is likely to grow even further as mass power consumers China and the US reach grid parity within the next few years.

In the US, solar PV technology is expected to reach grid parity for some PV projects in 2014, and by 2017 most regions in the country are expected to reach grid parity in alignment with average electricity prices in the residential sector. China is also due to witness similar developments, with grid parity for solar expected to reach in most regions by 2015-2016.

Levelized cost of electricity (LCOE) is the price at which electricity must be generated from a specific source to account for the cost of the energy-generating system. The LCOE for solar PV will continue to decrease due to declining capital costs and increasing capacity factor. These factors, combined with a lack of fuel costs, low operations and maintenance costs mean that the LCOE of solar PV technology is expected to be lower than average retail electricity prices from 2017 onwards.

Solar PV is a major renewable source of energy across the globe, accounting for around 14% of the global renewable capacity. It is also the fastest growing renewable power source in the world, having grown at a compound annual growth rate (CAGR) of 56.4% over the past five years. The global solar PV market witnessed high growth in 2010 and 2011, with 44.3 gigawatts (GW) of installed capacity coming online in these two years, in contrast to the 14.8 GW installed during 2008 and 2009.

Europe is currently the largest market for solar PV, but is expected to lose its market share to newly emerging markets such as India and China. These countries have announced ambitious PV targets, and are seen as the next hotbeds for PV investment, cushioned by favorable policy frameworks for the development of the renewable energy market. The global solar PV installed capacity will continue to grow at a CAGR of 20.2% 2011-2020, to reach 362,842 MW by 2020.

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

This report provides historical and forecast (2006-2020) installed capacity for global wind and solar PV market, and 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, and the report also 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 GlobalData’s Team of industry experts.

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 Grid Parity for Wind and Solar PV, Italy 61

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





1.1 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





1.2 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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