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Falling renewable power generation costs make the goals of the Global 100% RE campaign (see their website for more details http://go100re.net/) not only technically feasible, but increasingly economically feasible for a growing number of locations. What are the true costs of solar PV, wind power, hydropower, biomass for power and geothermal? IRENA's database of over 9000 utiltiy-scale projects and over 200k small-scale solar PV systems provides insights into this question and others. To support policy makers, IRENA is also extending our analysis to costs and we will launch IRENA's PV Parity Indicators in Q3 2014. These will help policymakers track PV competitiveness and make informed decisions about the support of solar PV.
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Secure supplies01
Reliable service02
Energy access03
Affordably04
Renewable Energy
can provide:
What do the costs of
9000 utility-scale and
over 200k small-scale
RE projects look like?
Renewable power
generation is
increasingly
competitive
Highlights
Higher capacity
factors from improved
technology
Wind turbine
cost reductions
Wind power
Solar PV Trends
Module price declines pause as industry attempts to improve margins
BoS costs now hold key to large-scale future cost reductions: continued declines, for how long?
PV Parity Indicators:
Tracking Our Future
6
• Tracks quarterly competiveness
• Indicators, not actual costs
• Target audience are policy makers and thought leaders
• Start with North America
• Can lead to more detailed analysis
• Supports other IRENA activities
7
• Simple metrics
• LCOE vs Effective Electricity Rate/Value
• Require detailed assumptions & analysis
PV Parity Indicators:
Methodology
8
Residential PV Parity:
San Francisco
Detailed analysis
yields significant
insights…
The average view
can be very
misleading…
IRENA now has
A world class database
Cutting edge analysis
Transparent, verifiable data
Global coverage
A dynamic new web portal
New dedicated
costing pages…
…with all our costing
publications for
free…
…charts, Alliance
news, events, and
more.
The True Costs:
webpages for your work
Member countries
Private sector members
Observers12
Alliance structure
Stationary applications
Power generation
update
Integration technologies
PV Parity Indicators
What’s next?
