Renewable Power Generation Cost Reduction Opportunities Workshop

Renewable power generation costs continue to fall and renewables are becoming increasingly competitive. But more needs to be done if the world is to meet its ambitious goals for a sustainable energy sector. This workshop covered the future cost reduction potentials and performance improvements for solar PV, concentrated solar power (CSP), onshore and offshore wind. It discussed recent trends, which specific technology improvements and cost components offer the best opportunities for cost reduction, what is the order of magnitude of reduction potentials in the short- and medium-term, the barriers to unlocking future reductions, and what role is there for international cooperation and collaboration.