This report finds the region has a vast technical renewable energy potential of 739 gigawatts (GW) with wind energy being the most abundant resource, more than 4 times higher than that of solar PV. By 2030, additional cost-competitive potential for solar PV and wind is expected to reach 620 GW.
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.
This summary provided key insights on cost trends for renewable power generation ahead of a ground-breaking series of comprehensive cost studies by the International Renewable Energy Agency (IRENA).
This working paper is part of a set of five reports on hydropower, wind, biomass, concentrating solar power and solar pholtovoltaics that address the current costs of these key renewable power technology options.
This webinar aimed to present key findings from the IRENA’s report Transforming small island power systems, share main takeaways from several grid assessment studies, and launch the Agency’s new report on “Quality Infrastructure for Smart Mini-grids”.
Organised within the framework of IRENA’s Regional Initiative in South East Europe and co-hosted by the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina, this workshop aimed to improve understanding of renewable energy socio-economic impacts and the affordability of renewables.
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.
IRENA’s Innovation landscape report maps and categorises many examples of innovations and innovative solutions in development by pioneering companies and backed by far-sighted governments around the world. The report and its accompanying detailed online resources provides decision makers with a clear, easily navigable but comprehensive guide to the diversity of innovations in use, or in development, in countries across the globe.
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.
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.
Renewables could meet more than one-third of energy demand across Central and South-Eastern Europe cost effectively by 2030 with key decisions taken now.
This report provides the most current, comprehensive analysis of the costs and performance of renewable power generation technologies available today (2012).
This technology brief from IRENA examines the multi-dimensional logistical challenges of establishing a steady supply chain for solid biomass.
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 electricity (LCOE) at utility scale falling by half in four years.
Bhutan prioritises sustainable development and environmental conservation alongside economic growth. As the country develops, a diversified mix of renewables can support growth and improve people’s livelihoods.
IRENA’s latest global cost study shows solar and wind power reaching new price lows. The report highlights cost trends for all major renewable electricity sources.
This working paper is part of a set of five reports on hydropower, wind, biomass, concentrating solar power and solar pholtovoltaics that address the current costs of these key renewable power technology options.
IRENA’s global renewable power generation costs study shows that the competitiveness of renewables continued to improve despite rising materials and equipment costs in 2022.
IRENA’s latest global cost study shows solar and wind power reaching new price lows. The report highlights cost trends for all major renewable electricity sources.
G20 countries can work together to step up renewable energy development and drive an accelerated global energy transition.
The cost of electricity from renewable energy technologies has fallen steadily, and in some cases dramatically, in recent years.
