Sofia roundtable on Road Map for Climate Neutrality in Bulgaria

site.btaPhotovoltaics' Price Down by Over 90% over 10 Years

Photovoltaics' Price Down by Over 90% over 10 Years
Photovoltaics' Price Down by Over 90% over 10 Years
BTA Photo

The price of photovoltaics has gone down by more than 90% over the past 10 years, the Chairman of the Board of the Association for Production, Storage and Trading in Electricity (APSTE), Nikola Gazdov, said here Thursday. He was among the speakers at a round table on the Roadmap for Climate Neutral in Bulgaria by 2050. 

For wind power generation systems, the price has come down by more than 65% over the same period. 

In the last year and a half, however, there has been an increase in the price of some components, Gazdov said. 

He expects the price of batteries to drop because it is still high.

He argued that the power generation sector, industry, agriculture and transport should be decarbonized at a rapid pace.

Reducing dependence on fossil fuels is key to getting increased support for renewable energy investments, and Bulgaria should take advantage of this opportunity, he also said. 

He believes that Bulgaria has a chance to strengthen its role as an exporter of electricity, as well as to create many new jobs related to renewable energy. He said that currently over 12,000 people are directly and indirectly employed in this sector, but there is potential for many more.




By 06:10 on 06.06.2023 Today`s news

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