Concentrating Solar Power: Michael Taylor Presentation to CSP EMEA 17 april 2013 Sevilla

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Concentrating Solar Power is only at the beginning of large-scal deployment

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  • -It had the first Assembly as an inaugural meeting in April, this is when IRENA became fully active.-We are neutral/unbiased among all RET.
  • - Refer to the information note on accession process
  • Concentrating Solar Power: Michael Taylor Presentation to CSP EMEA 17 april 2013 Sevilla

    1. 1. CSP and Renewable PowerGeneration Costs: A GlobalOverview17 April 2013Michael Taylormtaylor@irena.orgIRENA Innovation and Technology Centre
    2. 2. 2Director-General: Adnan AminEstablished April 2011The intergovernmental RE agencyMission: Accelerate deployment of renewable energyScope: Hub, voice and source of objective information forrenewable energyMandate: Sustainable deployment of the six RE resources(Biomass, Geothermal, Hydro, Ocean, Solar, Wind)Location: Headquarters in Abu Dhabi, United Arab EmiratesInnovation and Technology Centre IITC, BonnAbout IRENA
    3. 3. 3IRENA MembershipStatus: September, 2012IRENA’s 109 Members and 159 Signatories
    4. 4. COSTING….WHY?HOW?WITH WHOM?4
    5. 5. Rationale and goals• Renewable energy can meet policy goals for secure,reliable and affordable energy and access.• Lack of objective and up-to-date data• Yet, economics are the key decision factor• Cost declines, rapid for some renewables• But, decision making is often based on: outdated numbers opinion, not fact based• IRENA to strive to become THE source for cost data• Goals: Assist government decision-making, allow more ambitious policies Fill a significant information gap 5
    6. 6. Framework6Where to set the boundaries?Are costs even available? Prices, or price indicators?Levelised cost of electricity (LCOE)
    7. 7. TODAY’S COSTS7
    8. 8. Key findings8• Renewables now THE economic solution off-grid and formini-grids, increasingly competitive for grid supply• A shift in policy focus will need to come• Dramatic cost reductions for Solar PV. Onshore windcompetitive at best sites, CSP has great potential.Hydropower, geothermal and biomass more mature• Equipment cost declines and technology improvementsLCOEs are falling• A convergence in LCOEs• Data collection poses challenges
    9. 9. LCOE ranges and averages9
    10. 10. Levelised cost of electricity10
    11. 11. CSP: a set of technologies11• Deployment is in its infancy (~3 GW)• Cost reduction potential is good• Solar towers have greater cost reduction potential withhigher operating temperatures and lower cost thermalenergy storage• Cheap thermal energy storage allows dispatchablepower -> more valuable generation (particularly in highRE scenarios)
    12. 12. Total installed costs of recentparabolic and linear Fresnel CSP plant© IRENA2013 12
    13. 13. Cost breakdown for parabolictrough and solar towers© IRENA2013 13Source: Fichtner, 2010
    14. 14. Parabolic trough and solar towerO&M costs© IRENA2013 14Source: Fichtner, 2010
    15. 15. LCOE ranges for CSP© IRENA2013 15
    16. 16. The value of dispatchability16• Low-cost thermal energy storage (TES), allows CSP to reduce overall system costs forscenarios with high levels of penetration of renewables.• This example, CSP with TES has 60% more value than PV, before any capacity creditsSource: Denholm and Hummon, 2012.
    17. 17. COST REDUCTIONPOTENTIAL TO 202017
    18. 18. LCOE outlook to 202018
    19. 19. IRENA’S RENEWABLECOSTING ALLIANCE19
    20. 20. Rationale and goals20• Lack of cost data in public domain is a barrier, but one notwidely appreciated• The alliance will raise the profile and provide a forum forfeedback/debate• Alliance members will contribute (confidentially) project datato IRENA’s Renewable Cost Database• Assist IRENA with efforts to disseminate the data andanalysis• Work has begun on the details of the alliance, launch isscheduled for Q3 2013. Will build on IRENA’s existingnetworks
    21. 21. CONCLUSIONS21
    22. 22. Implications of cost declines22• Rapid, unexpected, cost reductions pose challenges• Efficient support policies still needed• An integrated strategy is required• Policy focus will need to shift, depending on country, in thenear future. Few countries “get” this!• 2013 will see the release of IRENA’s analysis of the costs ofrenewables for transport and stationary applicationsFuture work
    23. 23. To Conclude23• A virtuous circle of faster deployment & cost reductions, particularlyfor PV, is driving a convergence in RE costs at low levels• Renewables are THE economic solution for off-grid and mini-gridelectricity projects (PV and small-scale wind, biomass and hydro)• Renewables are increasingly competitive for grid supply, butefficient support policies still required• Renewables will increasingly have to work together as theirpenetration increases:A shift in policy and analysis required• The quest for better cost data and understanding of differencescontinues. Regular updates for PV, CSP and wind will be needed• IRENA’s Renewable Costing Alliance will help
    24. 24. Renewables are increasinglycompetitive, but more needs to be doneto fulfill their potential…24IRENA is part of the solution

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