This report summarises IRENA analysis to identify favourable zones in Colombia for utility-scale solar PV and onshore wind projects, and their associated techno-economic parameters.
This report summarises IRENA analysis to identify favourable zones in Georgia for utility-scale solar PV and onshore wind projects, and their associated techno-economic parameters.
This report summarises IRENA analysis to identify favourable zones in Mali for utility-scale solar PV and onshore wind projects, and their associated techno-economic parameters.
This report summarises IRENA analysis to identify favourable zones in El Salvador for utility-scale solar PV and onshore wind projects, and their associated techno-economic parameters.
Electricity produced by new onshore wind turbines cost 3 euro cents (3 US-dollar cents) per kilowatt-hour (kWh) in 2022 on average worldwide, according to a report by the International Renewable Energy Agency (IRENA).
Based on a new, unique dataset from a global survey, this IRENA report presents unprecedented insights on the cost of capital for onshore wind, offshore wind and solar photovoltaic (PV) projects.
The UAE-based International Renewable Energy Agency, an intergovernmental body, recorded the average EU capacity growth of onshore wind farms in the past five years as 8.3GW, with a maximum annual increase of 9.9GW. To reach the EU’s target, however, 26.8GW would need to be built each year.
The International Renewable Energy Agency says that electricity costs from onshore wind has fallen by 15% while offshore wind has dropped by 13%. Meantime, rooftop solar PV has declined by 13%, all since 2020. That’s why renewables have supplied 80% of the installed electric generation capacity in four years.
This week, the International Renewable Energy Agency released its annual industry update with the headline news that, just in 2021, the standard industry measure of cost had fallen 15 percent for onshore wind and 13 percent for both offshore wind and utility-scale solar. The declines over the last decade, IRENA said, represented a “seismic improvement.”
A new report from the International Renewable Energy Agency found the cost of electricity last year from onshore wind fell by 15%, offshore wind by 13% and solar panels by 13% compared to 2020.
IRENA's latest global cost study shows how the competitiveness of renewables continued amid the fossil fuel crisis and highlights cost trends for major renewable electricity sources.
The German government said Tuesday it has resolved a long-running spat that will allow the construction of more than 1,000 onshore wind turbines, boosting efforts to expand the use of renewable energy. The economy and transport ministries said in a joint statement that a deal has been struck to amend safety rules for weather radars and ground-based radio beacons for aircraft navigation.Wind turbines produce power during sundown in Emlichheim, Germany, Friday, March 18, 2022. The head of the International Renewable Energy Agency says "radical action" is needed to ensure global warming doesn't pass dangerous thresholds, warning that greenhouse gas emissions are heading in the wrong direction.
This report provides a valuable resource for policy makers and researchers by collecting data on a range of quantitative innovation indicators on the costs and performance of renewable technologies, patents and standards.
The renewable energy sector is expected to remain strong in 2022. According to the International Renewable Energy Agency report, the outlook till 2022 projects global renewable power expenses to decline more, with onshore wind becoming 20-27% lower than the cheapest new coal-fired generation option. Considering the sectors’ run in 2021, there have been many factors that kept the momentum moving. Favorable government policies, impressive renewable investments, falling overall cost of generating renewable electricity and growing adoption of electric vehicles (EV) might keep on supporting the momentum in the space in 2022.
Solar panels produced almost a tenth of the EU’s electricity in June and July. The International Renewable Energy Agency said this year that the amount of renewable energy added to global power systems that was cheaper than fossil fuel alternatives doubled in 2020 compared to the previous year. Onshore wind and solar facilities, in particular, had undercut new fossil fuel alternatives, it said.
This report aims to expand policy makers’ understanding of the steps needed to develop a local market for solar water heaters, and the existing capabilities that can be leveraged to do so. The report also highlights opportunities to create local value by setting up a domestic industry around solar water heaters.
Climber Tassos Baltas points up at a 22-metre high mast which is monitoring wind speeds on the summit of a rocky hillside on the Greek island of Evia and declares, "This mast which has been installed next to us is an omen of catastrophe." As falling costs have made wind power attractive, there's an incentive to move fast. According to the International Renewable Energy Agency, an intergovernmental organisation that supports countries in their transition to sustainable energy, the overall cost of new projects both onshore and offshore roughly halved in the decade to 2020.
The cost of renewable energy continues to fall below that of conventional sources of power such as coal, according to the latest global estimates - providing further arguments for green energy adherents to push governments to retire coal-fired power plants sooner. According to the Abu Dhabi-based International Renewable Energy Agency (IRENA), the cost of concentrating solar power (CSP) fell by 16% last year, with onshore wind costs dropping by 13%, offshore wind by 9% and solar photovoltaic (PV) by 7%.
The new report shows 162 gigawatts (GW) or 62% of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
A number of countries want to make wind energy a crucial tool in their pivot away from fossil fuels. The Brussels-based organization’s outlook for jobs is based on what it described as “market growth data” from GWEC Market Intelligence and “global studies by the International Renewable Energy Agency on job creation for onshore and offshore wind projects from 2017 and 2018.”
Solar and wind energy have the potential to meet global electricity demand 100 times over, and the costs of these renewables are collapsing so rapidly that fossil fuels could be pushed out of electricity generation altogether by 2035, according to a report by a U.K. think tank. The International Renewable Energy Agency says the cost of electricity from solar photovoltaics fell 82% in the last decade, while the costs of onshore and offshore wind fell 39% and 29% respectively.
Reform of the electricity market should be accelerated to establish the energy mix through market competition based on the comprehensive costs of power generation. According to the data provided by International Renewable Energy Agency, by 2021, the global average cost of solar PV power generation will be lower than the onshore wind power, reaching a global average of 3.9 cents per kilowatt-hour, and have room for further decline.
This year has offered a taste of what is to come in energy markets over the next decade. For solar, in particular, the decline in costs has been spectacular, with IRENA estimating that over 2010-19 the average cost of utility-scale installations fell by 80 per cent. Onshore and more recently offshore wind have also seen dramatic cost reductions over the past decade.
With Joe Biden’s presidential election victory last week, climate change is set to be a top priority for the incoming administration, second only to the Covid-19 recovery. An International Renewable Energy Agency (IRENA) 2019 report shows that the global weighted-average levelized cost of electricity (LCOE) of renewable power projects like utility-scale solar photovoltaics (PV) fell 82%; concentrated solar power (CSP) by 47%; onshore wind by 39%; and offshore wind down more than 29%.
Renewable energy is not only cheaper than fossil fuels, but it’s undercutting them without subsidy – and is now the default choice for new electricity generation. Although all forms of renewable energy have become more competitive, the price of onshore wind and solar photovoltaic-generated power have both fallen below five US cents per kilowatt hour for the first time, the International Renewable Energy Agency (IRENA) says.