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.
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.
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...
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 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.
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).
Dramatic falls in cost are making renewable energy competitive with fossil fuels across the world, and the least-cost option in a growing number of markets. For example, solar energy has already become cheaper than diesel generation, with clear benefits for communities in areas far away from the electricity grid. The public debate around renewable energy, however, continues to...
Thermal energy storage (TES) can help to integrate high shares of renewable energy in power generation, industry and buildings. This outlook identifies priorities for research and development.
The cost of electricity from renewable energy technologies has fallen steadily, and in some cases dramatically, in recent years.
This statistical publication presents renewable power generation capacity statistics for the for the last decade (2011-2020).