Renewable Power Generation Costs in 2017

This report highlights the latest trends for each of the main renewable power technologies, based on the latest cost and auction price data from projects around the world. Among the report’s key findings: Renewable power generation costs continue to fall and are already very competitive to meet needs for new capacity. Auctions are rapidly driving down costs in...

  • January 2018
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  • Costs, Power
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  • English

IRENA cost and competitiveness indicators: Rooftop solar PV

IRENA Cost and Competitiveness Indicators: Rooftop solar PV

This report on cost and competitiveness indicators or rooftop solar PV, based on the trends witnessed in key electricity markets complements IRENA's cost analysis on cost trends for utility-scale renewable power generation.

  • December 2017
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  • Costs
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  • English

IRENA_electricity_storage_costs

Electricity storage and renewables: Costs and markets to 2030

Battery electricity storage is a key technology in the world’s transition to a sustainable energy system. This study shows that battery electricity storage systems offer enormous deployment and cost-reduction potential. By 2030, total installed costs could fall between 50% and 60% (and battery cell costs by even more), driven by optimisation of manufacturing...

  • October 2017
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  • Power, Costs
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  • English

Cost-competitive renewable power generation: Potential across South East Europe

Renewable energy has long been used in South East Europe, whether as fuelwood for heating or in the form of hydroelectric power generation.

  • January 2017
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  • Costs
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  • English

Solar PV in Africa: Costs and Markets

The report discusses challenges in policy making and proposes a co-ordinated effort to collect data on the installed costs of solar PV in Africa, across all market segments to improve the efficiency of policy support and accelerate deployment.

  • September 2016
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  • Costs
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  • English

The Power to Change: Solar and Wind Cost Reduction Potential to 2025

Increasing economies of scale, more competitive supply chains and further technological improvements will continue reducing the costs of solar and wind power. The same factors will also boost the availability of these key renewable power sources at night and in varying weather conditions.

  • June 2016
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  • Costs, Power
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  • English

REmap: Roadmap for A Renewable Energy Future: 2016 Edition

Doubling renewables in the global energy mix by 2030 is not only feasible, but cheaper than not doing so. Economic savings would far exceed the costs. It would create more jobs, boost economic growth and save millions of lives annually through reduced air pollution. It would also, when coupled with greater energy efficiency, put the world on track to keep the rise of...

  • March 2016
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  • Benefits, Climate Change
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  • English

Smart Grids and Renewables: A cost-benefit analysis guide for developing countries

Smart grid technologies support the creation of an increasingly flexible electricity grid, enabling the integration of variable renewable energy. They work by incorporating information and communications technology at all stages of power generation, delivery and consumption, improving reliability and service to end-users.

  • October 2015
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  • Costs, Energy Transition
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  • English

Renewable Power Generation Costs in 2014

The competitiveness of renewable power generation technologies continued improving in 2013 and 2014, reaching historic levels. Biomass for power, hydropower, geothermal and onshore wind can all provide electricity competitively against fossil fuel-fired power generation. Solar photovoltaic (PV) power has also become increasingly competitive, with its levelised cost of...

  • January 2015
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  • Costs
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  • English

Road Transport: The Cost of Renewable Solutions

Advanced biofuels, electric vehicles and biomethane for transport could be competitive against fossil-fuel transport options by 2020 in an increasing number of market segments, as long as support policies are enhanced and expanded. IRENA’s costing study, Road Transport: The Cost of Renewable Solutions, finds an increasingly positive outlook for the use of renewable energy in...

  • July 2013
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  • Costs, Transport
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  • English