PDF Publication Title:
Text from PDF Page: 019
LATEST COST TRENDS The growth in deployment of renewable power generation technologies continued in 2019, as costs continued to fall and renewable power generation increasingly became the default source of least-cost new power generation. Since the year 2000, renewable power generation capacity worldwide has increased 3.4-fold, from 754 gigawatts (GW) to 2537 GW by the end of 2019 (IRENA, 2020a). In 2019, 176 GW of new renewable power generation was added, with solar photovoltaic (PV) capacity increasing by 97 GW, onshore wind power by 54 GW, hydropower by 12 GW, bioenergy by 6 GW and offshore wind by 5 GW. At the same time, geothermal capacity increased by just under 700 megawatts (MW) and concentrating solar power (CSP) by 600 MW. New capacity additions by renewables represented 72% of the net capacity expansion of all power generation sources in 2019. Indeed, renewables have consistently accounted for more than half of all new, net capacity additions since 2015, while accounting for 49% to 53% of the total during the period 2012-2014, inclusive (IRENA, 2020a). Since 2012, IRENAs cost analysis programme has been collecting and reporting the cost and performance data of renewable energy technologies. Having, transparent, up-to-date cost and performance data from a reliable source is vital, given the rapid growth in installed capacity of these technologies. The associated cost reductions mean that data from even one or two years ago can be significantly erroneous. Indeed, in the case of solar PV, in some markets, even data six months old can significantly overstate the costs. The key sources of data for the cost metrics contained in this report are the IRENA Renewable Cost and the IRENA Auctions and PPA databases. The IRENA Renewable Cost Database has grown to include project-level cost and performance data for over 17 000 projects, representing over 1 700 GW of capacity, either installed or in the pipeline for commissioning in the coming years. The IRENA Auctions and PPA Database contains data on 10 700 projects or programme results, where pricing data is not disclosed for individual winners, totalling around 496 GW of capacity. These databases contain significant overlap, which opens up the possibility of directly comparing projects; an area IRENA will explore in greater detail in future work. In recent years, IRENA has expanded the range of cost and performance metrics it tracks and regularly reports, from average onshore wind turbine sizes and rotor diameters by country, to detailed cost reduction breakdowns for utility- scale solar PV. Since 2018 (IRENA, 2018a), IRENA has been publishing detailed data not only on the levelised cost of electricity (LCOE)1 at the project level, but also on the results of auctions and power purchase agreements (PPAs). 1 Note that “weighted-average LCOE” and “weighted-average cost of electricity” are used interchangeably in this report. 19PDF Image | RENEWABLE POWER GENERATION COSTS IN 2019
PDF Search Title:
RENEWABLE POWER GENERATION COSTS IN 2019Original File Name Searched:
IRENA_Power_Generation_Costs_2019.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)