Analysis of 8000 medium to large renrewable power projects by the International Renewable Energy Agency shows that costs are falling, sometimes rapidly, and that they are increasingly competitive.
The report is available as a free download.
Policies For A Mature, Flourishing, Equitable EV Charging Ecosystem by Chris ...Forth
Chris Rimmer, Infrastructure Strategy lead at CENEX gave this presentation at the Forth The Charging Infrastructure Ecosystem webinar on October 12, 2021.
ENERGY IN BUILDINGs 50 BEST PRACTICE INITIATIVESJosh Develop
Technology, economics and policy are rapidly transforming energy markets
and the broader economy. Global efforts to reduce emissions of greenhouse
gases are leading to increased focus on policies that can reduce energy use
or promote low emissions generation.
Australia’s economy-wide target under the United Nations Framework
Convention on Climate Change is to reduce emissions by 26-28 per cent
on 2005 levels by 2030. By the second half of the century, achieving net zero
emissions is likely to be necessary to meet international climate commitments.
The cost of producing electricity from renewable resources has declined
significantly over recent years and remains on a rapid downward trajectory.
Implementing Net Metering in the Developing WorldRuchir Punjabi
Distributed Energy (www.de.energy) is a platform to match investors with renewable energy projects. We are always looking for ways to promote renewable energy growth in developing countries. This Powerpoint was prepared as a case study to promote the implementation of net metering in a particular country and examines its feasibility as an enabling policy and to what extent it is designed to foster private investment in renewable energy and broaden the nation’s energy mix. The case study examines and provides evidence to support the implementation of net metering and puts forward a convincing case from an economic, social and environmental standpoint. Country-specific references further indicate how net metering has helped respective countries achieve their energy targets and facilitated a transition towards clean energy.
Policies For A Mature, Flourishing, Equitable EV Charging Ecosystem by Chris ...Forth
Chris Rimmer, Infrastructure Strategy lead at CENEX gave this presentation at the Forth The Charging Infrastructure Ecosystem webinar on October 12, 2021.
ENERGY IN BUILDINGs 50 BEST PRACTICE INITIATIVESJosh Develop
Technology, economics and policy are rapidly transforming energy markets
and the broader economy. Global efforts to reduce emissions of greenhouse
gases are leading to increased focus on policies that can reduce energy use
or promote low emissions generation.
Australia’s economy-wide target under the United Nations Framework
Convention on Climate Change is to reduce emissions by 26-28 per cent
on 2005 levels by 2030. By the second half of the century, achieving net zero
emissions is likely to be necessary to meet international climate commitments.
The cost of producing electricity from renewable resources has declined
significantly over recent years and remains on a rapid downward trajectory.
Implementing Net Metering in the Developing WorldRuchir Punjabi
Distributed Energy (www.de.energy) is a platform to match investors with renewable energy projects. We are always looking for ways to promote renewable energy growth in developing countries. This Powerpoint was prepared as a case study to promote the implementation of net metering in a particular country and examines its feasibility as an enabling policy and to what extent it is designed to foster private investment in renewable energy and broaden the nation’s energy mix. The case study examines and provides evidence to support the implementation of net metering and puts forward a convincing case from an economic, social and environmental standpoint. Country-specific references further indicate how net metering has helped respective countries achieve their energy targets and facilitated a transition towards clean energy.
Wayne Killen, Senior Advisor at the Department of Energy’s Loan Programs Office gave this presentation at the Forth U.S. Department of Energy Loan Program Office Overview webinar on September 28, 2021.
March 2011 - Michigan Energy Forum - Joseph A. Malcoun IIAnnArborSPARK
Have you ever considered purchasing an electric vehicle? Want to find out what all the hype is about? Join us for an evening of information and updates on the rollout of electric vehicles in Michigan and the United States.
Presentation from the New Mexico Regional Energy Storage and Grid Integration Workshop: Energy Storage Trends and Challenges, New Mexico's Numerous Contributions presented by Steve Willard, Electric Power Research Institute, August 23-24, 2016
The European Investment Bank (EIB) has launched ambitious new climate strategy and Energy Lending Policy. What does it mean for the energy future of both EU and the world? Read more in out blog!
Eca insight 12.20 getting from green home grants to the ten point planGail Gibson
The Prime Minister’s Ten Point Plan for a Green
Industrial Revolution is a combination of a postcovid
recovery package while simultaneously
confronting that other great global challenge;
decarbonisation.
Insight authored by David Williams, ECA.
November 21, 2013 | Next Steps: Financing solar for your business | Victor Ro...Fresh Energy
For many businesses and property owners, the high upfront cost of solar photovoltaic systems remains the single largest barrier to adoption. The solution? Solar financing. Fresh Energy’s solar financing event, the final installment of a three-part Solar Opportunities Series, will introduce participants to the range of current and emerging solar-financing options available in Minnesota. Learn more at fresh-energy.org/solarseries.
Mr Kohji Iwakami in Parallel Session A1 of Ninth South Asia Economic Summit (SAES) organised by Centre for Policy Dialogue (CPD) on 15-16 October 2016 presented on "Achieving Sustainable Energy for All in South Asia: Modalities of Cooperation". #SAES9 For further details visit: http://saes9.cpd.org.bd/
Andrew Ritch: Interruption in the Utility IndustryEnergyTech2015
EnergyTech2015.com
INTERRUPTION IN THE UTILITY INDUSTRY?
Track 1 Session 1
Electricity markets are experiencing fundamental changes because of solar, wind, electric vehicles, energy efficiency programs, storage and other forms of distributed generation that may be intermittent or require changes/upgrades to the electric grid. There is also an increase in the availability of smart meters and other devices that can help customers control their electric demand and usage. As a result, demand is less predictable and more volatile. This change also creates challenges for transmission and distribution for all load serving entities, even with new real-time data availability and grid visibility. What technological, regulatory, and/or policy changes are needed in the short term and longer term to keep pace? What will these changes mean for reliability? How will the traditional utility model change in the coming years?
Moderator: Commissioner Beth Trombold, PUCO
Robert Wargo, Vice President, Reliability First Corp.
Andrew Ritch, Energy Wholesale Renewables Director, Duke Energy
Andrew Ott, Executive Vice President, PJM Interconnection
Changing the tyre while we’re driving: evolving a model at the same time as i...IEA-ETSAP
Changing the tyre while we’re driving: evolving a model at the same time as it is being used for live policymaking.
Mr. Andrew Smith, MaREI, University College Cork
Solar PV a major electricity source - An IRENA ViewMichael Taylor
Presentation by IRENA to the EU PVSEC parallel event "PV - A Major Electricity Source" on October 3rd.
Focus on cost reductions and challenges and opportunities that are emerging for PV.
http://www.photovoltaic-conference.com/parallel-events/pvamajorelectricitysource2013.html
Wayne Killen, Senior Advisor at the Department of Energy’s Loan Programs Office gave this presentation at the Forth U.S. Department of Energy Loan Program Office Overview webinar on September 28, 2021.
March 2011 - Michigan Energy Forum - Joseph A. Malcoun IIAnnArborSPARK
Have you ever considered purchasing an electric vehicle? Want to find out what all the hype is about? Join us for an evening of information and updates on the rollout of electric vehicles in Michigan and the United States.
Presentation from the New Mexico Regional Energy Storage and Grid Integration Workshop: Energy Storage Trends and Challenges, New Mexico's Numerous Contributions presented by Steve Willard, Electric Power Research Institute, August 23-24, 2016
The European Investment Bank (EIB) has launched ambitious new climate strategy and Energy Lending Policy. What does it mean for the energy future of both EU and the world? Read more in out blog!
Eca insight 12.20 getting from green home grants to the ten point planGail Gibson
The Prime Minister’s Ten Point Plan for a Green
Industrial Revolution is a combination of a postcovid
recovery package while simultaneously
confronting that other great global challenge;
decarbonisation.
Insight authored by David Williams, ECA.
November 21, 2013 | Next Steps: Financing solar for your business | Victor Ro...Fresh Energy
For many businesses and property owners, the high upfront cost of solar photovoltaic systems remains the single largest barrier to adoption. The solution? Solar financing. Fresh Energy’s solar financing event, the final installment of a three-part Solar Opportunities Series, will introduce participants to the range of current and emerging solar-financing options available in Minnesota. Learn more at fresh-energy.org/solarseries.
Mr Kohji Iwakami in Parallel Session A1 of Ninth South Asia Economic Summit (SAES) organised by Centre for Policy Dialogue (CPD) on 15-16 October 2016 presented on "Achieving Sustainable Energy for All in South Asia: Modalities of Cooperation". #SAES9 For further details visit: http://saes9.cpd.org.bd/
Andrew Ritch: Interruption in the Utility IndustryEnergyTech2015
EnergyTech2015.com
INTERRUPTION IN THE UTILITY INDUSTRY?
Track 1 Session 1
Electricity markets are experiencing fundamental changes because of solar, wind, electric vehicles, energy efficiency programs, storage and other forms of distributed generation that may be intermittent or require changes/upgrades to the electric grid. There is also an increase in the availability of smart meters and other devices that can help customers control their electric demand and usage. As a result, demand is less predictable and more volatile. This change also creates challenges for transmission and distribution for all load serving entities, even with new real-time data availability and grid visibility. What technological, regulatory, and/or policy changes are needed in the short term and longer term to keep pace? What will these changes mean for reliability? How will the traditional utility model change in the coming years?
Moderator: Commissioner Beth Trombold, PUCO
Robert Wargo, Vice President, Reliability First Corp.
Andrew Ritch, Energy Wholesale Renewables Director, Duke Energy
Andrew Ott, Executive Vice President, PJM Interconnection
Changing the tyre while we’re driving: evolving a model at the same time as i...IEA-ETSAP
Changing the tyre while we’re driving: evolving a model at the same time as it is being used for live policymaking.
Mr. Andrew Smith, MaREI, University College Cork
Solar PV a major electricity source - An IRENA ViewMichael Taylor
Presentation by IRENA to the EU PVSEC parallel event "PV - A Major Electricity Source" on October 3rd.
Focus on cost reductions and challenges and opportunities that are emerging for PV.
http://www.photovoltaic-conference.com/parallel-events/pvamajorelectricitysource2013.html
A presentation by Dr. Tilak Siyambalapitiya on Electricity Costing and Tariffs in Sri Lanka
Visualize the sub-businesses within the power industry, and their stated costs for 2013
How reasonable are the cost components?
Appreciate the correction mechanism
Understand the cost of supply to each customer category
Appreciate the subsidies and surcharges on each customer category
Look at the past and visualize where Sri Lanka got it wrong
Look into the future to examine the cost profiles.
Demystifying Renewable Power Generation CostsMichael Taylor
Presentation to IRENA's expert meeting on the social acceptance issues surrounding renewables. This presentation focusses on some of the new myths (as a result of recent cost reductions) and some more persistent older myths about the costs of renewables.
Power Generation Costs and Support for RenewablesMichael Taylor
IRENA presentation to the International Feed-in Co-operation workshop in Brussels, October 24th 2013. The focus is on IRENA's analysis of renewable power generation costs of over 8000 utility-scale renewable power generation projects and the implications for support policies for renewables.
IRENA’s Power Generation Cost Analysis and Geothermal Power Michael Taylor
Presentation to the Webinar: Geothermal: Competing With Other Renewable And Non-Renewable Technologies Webinar, 19 November 2013
How does geothermal's competiveness and costs compare to other renewable power generation technologies, such as wind and solar PV? What makes geothermal's cost structure and policy needs to different to other renewable power generation? This presentation gives an introduction to these questions and the answers.
Presentation by Bushveld Energy from the March 2019 Power Electricity & World Africa conference in South Africa. The presentation covers four questions:
1) How does storage technology integrate with energy generation and then with renewables ?
2) What are the key critical success factors that relate to the development of an energy storage project ?
3) Is there a greenfield pipeline of bankable projects?
4) Who is likely to finance these assets?
Steve Corneli, NRG Energy, Inc. - Speaker at the marcus evans Generation Summit 2012 held in San Antonio, TX, delivered his presentation entitled Clean Energy Trends – Costs, Policies and Initiatives
Climate Policy Initiative's analysis shows that states can see greater cost savings by making a long-term commitment to clean energy. New business models - with help from policy - can make clean energy the lowest cost solution. In addition, there are state-level policy options to reduce the risk of stranding fossil fuel power plants.
Concentrated Solar Thermal Power can be coupled with Thermal Energy Storage using Molten Salts. This presentations offers a compelling argument why this technology will remain competitive despite future improvements in other storage technologies
How the Energy Efficiency sector can embrace Exponential Leadership principles to spark meaningful change for the environment. Oct 2019 Keynote presentation at The Power of Collaboration conference hosted by ESG / Direct Technology.
SPLC 2019 Summit: Buying Renewables: How Leaders are Shifting Energy from a C...SPLCouncil
Slides from David Phillips, Associate Vice President, Energy and Sustainability, University of California, Office of the President; Hans Royal, Director, Schneider Electric; Chip Wood, Director of Strategic Partnerships, CRS; presented at the Sustainable Purchasing Leadership Council’s 2019 Summit in Portland, OR.
Perspectives on Energy Efficiency Opportunities and Strategies:Technology an...Alliance To Save Energy
On September 14, Executive Vice President for Programs Brian Castelli keynoted the Riso International Energy Conference 2009 at the Technical University of Denmark, where he addressed the role of energy efficiency in reducing greenhouse gases (GHG).
Energy Sector Subsidies: Post-COVID Recovery and the Energy TransitionMichael Taylor
Fossil Fuel Subsidy Reform as Part of a Green COVID-19 Recovery
Organised by New Zealand's Ministry of Foreign Affairs and Trade for the WTO Trade and Environment Week 2020
The True Costs of Solar PV: IRENA's Cost AnalysisMichael Taylor
Solar PV costs have fallen dramatically since 2009 as solar PV module prices fell. However, wide variations in installed costs exist not only within a country, but between countries.
How large are these differences? What is driving the difference in costs between systems? How can we accelerate solar PV costs to "competitive" levels?
IRENA has started to collect the data to analyse these questions and others. Can you help us with data? What are the questions you need answering? Our work is ongoing and we welcome engagement by stakeholders.
A Global Renewable Energy Future: More Renewables, Less Water UseMichael Taylor
Presentation to the World Water Week 2014 Seminar “Producing Electricity with Less Water: New Perspectives for Renewables in a Water-constrained World”
1 September 2014
Falling Renewable Power Generation Costs support the Global 100%RE Campaign's...Michael Taylor
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.
Presentation of the costs of renewables, including solar PV, nydropwoer, wind power, biomass for power generation, biofuels and electric vehicles in ASEAN countries.
Data and analysis from the International Renewable Energy Agency's (IRENA) programme of work "Renewables: The True Costs" visit www.irena.org/costs
3. 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 3
4. Framework
Where to set the boundaries?
Are costs even available? Prices, or price indicators?
Levelised cost of electricity (LCOE) 4
6. Key findings
• Renewables now THE economic solution off-grid and for
mini-grids, increasingly competitive for grid supply
• A shift in policy focus will need to come
• Dramatic cost reductions for Solar PV. Onshore wind
competitive at best sites, CSP has great potential.
Hydropower, geothermal and biomass more mature
• Equipment cost declines and technology improvements
LCOEs are falling
• A convergence in LCOEs
• Data collection poses challenges 6
10. Wind
• Capacity factors are increasing due to technology improvements
• Wind turbine prices are declining
• The LCOE is coming down (e.g. Brazilian auctions)
• Onshore wind is now competitive with fossil fuels in many countries
• Offshore wind is still expensive
10
11. Hydropower
• Mature technology, flexibility in design in many cases
• Lowest cost electricity of any source in many cases
• Importance will grow with penetration of variable RE
11
13. A slowing in PV cost reductions?
c-Si module prices have overshot learning curve. A slowing in cost
reductions to 2015?
13
14. An aceleration for wind?
H2 2012
2012
Chinese
turbine prices
Cost reduction potential is good if wind market emulates the dynamics of solar PV
market
Source: Bloomberg New Energy Finance, February, 2011 and 2012; and CWEA, 2012.
14
15. An emerging issue:
O&M costs to be a problem?
As equipment costs fall, O&M’s share of LCOE will rise and may slow LCOE
reductions
15
18. Rationale and goals
• Lack of cost data in public domain is a barrier, but one not
widely appreciated
• The alliance will raise the profile and provide a forum for
feedback/debate
• Alliance members will contribute (confidentially) project data
to IRENA’s Renewable Cost Database
• Assist IRENA with efforts to disseminate the data and
analysis
• Work has begun on the details of the alliance, launch is
scheduled for Q3 2013. Will build on IRENA’s existing
networks 18
20. Implications of cost declines
• 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 the
near future. Few countries “get” this!
Future work
• 2013 will see the release of IRENA’s analysis of the costs of
renewables for transport and stationary applications
20
21. To Conclude
• A virtuous circle of faster deployment & cost reductions, particularly
for PV, is driving a convergence in RE costs at low levels
• Renewables are THE economic solution for off-grid and mini-grid
electricity projects (PV and small-scale wind, biomass and hydro)
• Renewables are increasingly competitive for grid supply, but
efficient support policies still required
• Renewables will increasingly have to work together as their
penetration increases:
A shift in policy and analysis required
• The quest for better cost data and understanding of differences
continues. Regular updates for PV, CSP and wind will be needed
• IRENA’s Renewable Costing Alliance will help 21
22. Renewables are increasingly
competitive, but more needs to be done
to fulfill their potential…
IRENA is part of the solution
22