{"id":47751,"date":"2015-01-20T10:10:04","date_gmt":"2015-01-20T09:10:04","guid":{"rendered":"https:\/\/www.sonnenseite.com\/energy\/renewable-power-costs-plummet-many-sources-now-cheaper-than-fossil-fuels-worldwide.html"},"modified":"2015-01-20T10:10:04","modified_gmt":"2015-01-20T09:10:04","slug":"renewable-power-costs-plummet-many-sources-now-cheaper-than-fossil-fuels-worldwide","status":"publish","type":"post","link":"https:\/\/www.sonnenseite.com\/en\/energy\/renewable-power-costs-plummet-many-sources-now-cheaper-than-fossil-fuels-worldwide\/","title":{"rendered":"Renewable Power Costs Plummet: Many Sources Now Cheaper than Fossil Fuels Worldwide"},"content":{"rendered":"<p>The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, the International Renewable Energy Agency (IRENA) revealed in a new report.<\/p>\n<p> <!--more--> <\/p>\n<div>\n<p align=\"justify\">The landmark report, <a href=\"http:\/\/www.irena.org\/DocumentDownloads\/Publications\/IRENA_RE_Power_Costs_2014_report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Renewable Power Generation Costs in 2014<\/em><\/a>,  concludes  that biomass, hydropower, geothermal and onshore wind are  all competitive with  or cheaper than coal, oil and gas-fired power  stations, even without financial  support and despite falling oil  prices. Solar photovoltaic (PV) is leading the  cost decline, with solar  PV module costs falling 75 per cent since the end of  2009 and the cost  of electricity from utility-scale solar PV falling 50 per  cent since  2010.<\/p>\n<p align=\"justify\">&ldquo;Renewable energy projects across the globe are now  matching or  outperforming fossil fuels, particularly when accounting  for externalities like  local pollution, environmental damage and ill  health,&rdquo; said Adnan Z. Amin,  Director-General of IRENA. &ldquo;The game has  changed; the plummeting price of  renewables is creating a historic  opportunity to build a clean, sustainable  energy system and avert  catastrophic climate change in an affordable way.&rdquo;<\/p>\n<p align=\"justify\"><strong>Report highlights:<\/strong><\/p>\n<ul>\n<li>In many countries, including Europe, onshore wind  power is one  of the most competitive sources of new electricity capacity available.   Individual wind projects are consistently delivering electricity for USD  0.05 per  kilowatt-hour (kWh) without financial support, compared to a  range of USD 0.045  to 0.14\/kWh for fossil-fuel power plants.<\/li>\n<li>The average cost of wind energy ranges from USD  0.06\/kWh in  China and Asia to USD 0.09\/kWh in Africa. North America also has  competitive  wind projects, with an average cost of USD 0.07\/kWh.<\/li>\n<li>Solar PV module prices have dropped 75% since 2009  and continue to decrease.<\/li>\n<li>Residential solar PV systems are now as much as 70%  cheaper than in 2008.<\/li>\n<li>Between 2010 and 2014 the total installed costs of   utility-scale solar PV systems fell by as much as 65 per cent. The most   competitive utility-scale solar PV projects are delivering electricity  for USD  0.08\/kWh without financial support, and lower prices are  possible with low  financing costs. Their cost range in China, North  America and South America has  fallen within the range of fossil  fuel-fired electricity.<\/li>\n<li>Solar power prices are dropping rapidly in the  Middle East, with a recent tender in Dubai, UAE, falling to 0.06USD\/kWh.<\/li>\n<li>Renewables are competitive, even when integrating  high shares  of variable renewables into the electricity. When damage to human   health from fossil fuels in power generation is considered in economic  terms,  along with the cost of CO2 emissions, the price of fossil  fuel-fired  power generation rises to between USD 0.07 and 0.19\/kWh.<\/li>\n<\/ul>\n<p align=\"justify\">For 1.3 billion people worldwide without electricity,  renewables are  the cheapest source of energy. Renewables also offer  massive gains in cost and  security for islands and other isolated areas  reliant on diesel.<\/p>\n<p align=\"justify\">Thanks in large part to the clear business case for  renewables, a  record high of 120 gigawatts of renewable energy was  added to the global energy  mix in 2013, with similar additions forecast  for 2014. Renewable energy  accounted for 22 per cent of global  electricity generation and 19 per cent of  total final energy  consumption in 2013. <\/p>\n<p align=\"justify\">&ldquo;Now is the time for a step-change in deployment for  renewables,&rdquo; said  Mr. Amin. &ldquo;It has never been cheaper to avoid  dangerous climate change, create  jobs, reduce fuel import bills and  future-proof our energy system with  renewables. This requires public  acknowledgement of the low price of renewables, an  end to subsidies for  fossil fuels, and regulations and infrastructure to  support the global  energy transition.&rdquo;<\/p>\n<p align=\"justify\">The report goes on to explain that renewable energy  price improvements  are not universal, and that costs range widely  according to resources and the availability  of financing. Offshore wind  and concentrated solar power (CSP) technologies are  in earlier stages  and deployment costs remain higher than those of fossil  fuels. These  technologies will however become more cost-competitive in future,   especially where low-cost financing is available. <\/p>\n<\/p><\/div>\n<div>\n<ul>\n<li><a href=\"http:\/\/www.irena.org\/DocumentDownloads\/Publications\/IRENA_RE_Power_Costs_2014_report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report: &#8220;Renewable Power Generation Costs in 2014&#8221; |Full report<\/a><\/li>\n<li><a href=\"http:\/\/www.irena.org\/DocumentDownloads\/Publications\/IRENA_RE_Power_Costs_Summary.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Executive Summary<\/a><\/li>\n<\/ul><\/div>\n<div>\n<p align=\"justify\">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. <\/p>\n<p align=\"justify\"><em><a href=\"http:\/\/www.irena.org\/menu\/index.aspx?mnu=Subcat&amp;PriMenuID=36&amp;CatID=141&amp;SubcatID=277\" target=\"_blank\" rel=\"noopener noreferrer\">Renewable Power Generation Costs in 2014<\/a><\/em>  aims to reduced uncertainty about  the true costs of renewable power  generation technologies, so that governments  can be more ambitious and  efficient in their policy support for renewables. As  this comprehensive  report from the International Renewable Energy Agency  (IRENA)  underlines, perceptions that such technologies are expensive or   uncompetitive are outdated, at best.<\/p>\n<\/p><\/div>\n<div class=\"article-images\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"349\" src=\"https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2015\/01\/Irena02.jpg\" class=\"alignleft\" alt=\"IRENA Renewable Cost Database | Size of the diameter of the circle represents the size of the project. The centre of each circle is the value for the cost of each project on the Y axis. Real weighted average cost of capital is 7.5% in OECD countries and China; 10% in the rest of the world\" srcset=\"https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2015\/01\/Irena02.jpg 770w, https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2015\/01\/Irena02-300x164.jpg 300w, https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2015\/01\/Irena02-768x419.jpg 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n<h5 class=\"green\">Source<\/h5>\n<p><a href=\"http:\/\/www.irena.org\" target=\"_blank\" rel=\"noopener noreferrer\">IRENA &#8211; International Renewable Energy Agency 2015<\/a><\/p>\n<div class=\"shariff shariff-align-flex-start shariff-widget-align-flex-start\"><div class=\"ShariffHeadline\">Diese Meldung teilen<\/div><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook shariff-nocustomcolor\" style=\"background-color:#4273c8;border-radius:1%\"><a 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