EU PVSEC Programme Online
35th EU PVSEC 2018, 24 - 28 September 2018, Brussels
Presentation: 6CV.5.13 Production Cost of PV Electricity in Sweden
Type: Visual
Date: Wednesday, 2nd October 2013
08:30 - 10:00
Location / Room: Hall 3 / Poster Area
Author(s): B. Stridh, S. Yard, D. Larsson, B. Karlsson
Presenter / Speaker: B. Stridh, ABB Research, Västerås, Sweden et al.
Event: Conference Conference
Session: 6CV.5 PV Business Opportunities / PV in the Eletricity Markets
Topic: 6. 1 PV Business Opportunities
Keywords: Photovoltaic (PV), LCOE, Sweden
Summary / Abstract: The photovoltaic (PV) market in Sweden is small in comparison to most of the other PV markets in the European countries. However, the market is growing and about 8 MW was installed during 2012 that is 1/3 of the totally installed power. It is expected that the market will continue to grow during 2013.The PV levelized cost of electricity (LCOE) in Sweden was studied for grid connected PV systems to understand how competitive PV is on the Swedish market. It is concluded that PV production cost is still too high to be competitive in utility scale on the Nord Pool spot market without subsidies. However, for residential or commercial systems the production cost for PV electricity is today in some cases in the same order of magnitude as, or lower than, the running cost for bought electricity even without investment subsidy or electricity certificates, with the assumed parameters for estimation of LCOE. With investment subsidy the calculation improves substantially resulting in a LCOE lower than the running cost for bought electricity. To a much smaller extent an improvement of LCOE is also seen with electricity certificates.