- PV panels are very cost efficient in the next years to come. After reaching 20% of electricity generation, the benefit from PV panels diminishes.
- Total capacity does not increase much from 2030 to 2050.
- New generation PV panels with a higher efficiency are a promising technology and their lower cost have two impacts (‘Electr. PV 35% efficiency’). In the medium term, more electricity is produced. In the long term, it is reducing the electricity generation from nuclear power plants.
- In the sensitivity where we enforce a high level of solar in 2040 (‘Electr. PV 75% Push’), photovoltaic power starts to outcompete onshore wind power and the less favourable offshore wind parks.
- For a cost comparison, see the graph in our “Key conclusions”.
The PV capacity increases from
39 GW to 63 GW
when increasing the PV efficiency from 23% to 35%
Increasing the PV efficiency from 23% to 35% increases electricity generation from solar from nearly 40 TWh to 60 TWh. In the long term, it is reducing the electricity generation from nuclear power plants.
The PV capacity increases from 39 GW to 63 GW when increasing its efficiency by 50%.