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Figure 7. Levelized Cost of electricity generation, IPCC Adapted from Figure SPM5, SRREN.54 Medium values are shown for the following subcategories, sorted in the order as they appear in the respective ranges (from left to right): Biomass: 1. Cofiring; 2. Small scale combined heat and power, CHP (Gasification internal combustion engine); 3. Direct dedicated stoker & CHP; 4. Small scale CHP (steam turbine); 5. Small scale CHP (organic Rankine cycle). Solar Electricity: 1. Concentrating solar power; 2. Utility-scale PV (1-axis and fixed tilt); 3. Commercial rooftop PV; 4. Residential rooftop PV. Geothermal Electricity: 1. Condensing flash plant; 2. Binary cycle plant. Hydropower: 1. All types. Ocean Electricity: 1. Tidal barrage. Wind Electricity: 1. Onshore; 2. Offshore. Figure 8. Levelized cost of electricity generation in LAC, IRENA Solar PV CSP Parabolic Trough CSP Tower Geothermal Hydro ≤ 20 Hydro > 20 Wind (class 6 & 7) Biomass & Landfill biogas Natural gas Combined Cycle Natural Gas turbine simple cycle Diesel Internal Combustion Engine HFO Internal Combustion Engine HFO Thermal power station Coal $0 $50 $100 $150 $200 $250 $300 $350 US$/MWh NRET LCOE data from a database by IRENA55 based on actual LAC project data, excluding Government incentives and subsidies. Green bars show the median values, and error bars show minimum and maximum values. Data for the two CSP technologies, as well as for fossil fuel technologies, are based on a study by IMCO,56 using fuel price data from Mexico’s public utility CFE. Hydro ≤ 20 refers to hydropower under 20 MW. Rethinking our energy future p. 12PDF Image | White Paper on Renewable Energy for the 3GFLAC
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