PDF Publication Title:
Text from PDF Page: 027
Meanwhile, record low bids (in 2019 USD) of USD 0.051/kWh in France and between USD 0.056-0.059/kWh in the United Kingdom undercut new capacity from fossil fuel options in those countries. In the case of the United Kingdom, they were also lower than expected long-run wholesale prices. This step-change in competitiveness has been driven by the industry achieving critical mass, along with innovations in wind turbine technology, installation and logistics; economies of scale in O&M (from larger turbines and offshore wind farm clustering); and improved capacity factors from higher hub heights, better wind resources (despite increasing costs in deeper waters offshore), and larger rotor diameters. With longer lead times than onshore wind and solar PV for project commissioning, these cost reductions will take time to appear in annual, newly commissioned cost data. By 2023, however, the majority of projects being commissioned are likely to have costs in the USD 0.05/kWh to USD 0.10/kWh range. With just 28 GW of total installed capacity globally at the end of 2019, this represents a remarkable achievement in driving down costs to competitive levels, all in the space of a decade. COSTS TRENDS BY TECHNOLOGY: 2010TO2019 Solar photovoltaics The remarkable, continued decline in the cost of electricity from solar PV has been driven by reductions in the total installed costs for utility-scale projects (Figure 1.4)11, with these declining by 79% between 2010 and 2019. In 2019, the global weighted-average total installed cost for utility-scale solar PV fell below USD 1 000/kW for the first time, to just USD 995/kW, down from USD 4702/kW in 2010. In 2019, the 5th and 95th percentile of projects ranged from USD 714/kW to USD 2 320/kW. The year-on-year reduction in total installed costs in 2019 reached 13%. There has not only been a significant reduction in average costs, however. There has also been a shift in the distribution of projects around the weighted average, as the global weighted-average for utility- scale projects has shifted to the lower end of the 5th and 95th percentile ranges. As will be discussed in Chapter 3, there has also been a convergence in country-level installed costs, as increasingly competitive local markets have seen a range of countries move towards best practice project development and cost structures. Given the highly Figure 1.4 Global weighted average total installed costs, capacity factors and LCOE for solar PV, 2010-2019 LATEST COST TRENDS 5500 5 000 4 500 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0 40% 30% 20% 10% 0% 15.3% 16.4% 16.5% 0.50 0.45 0.40 0.35 0.30 17.7% 18.0% 0.25 Total installed cost Capacity factor Levelised cost of electricity 47 02 3 936 2 985 2 615 0.378 0.286 0.223 0.175 2 180 364 1 1637 1 415 14% 16.6% 16.7% 15.1% 18.2% 0.20 0.15 0.10 0.05 0 1 208 995 0.164 0.126 0.114 0.092 0.079 0.068 Source: IRENA Renewable Cost Database. 11 For Figures 1.4 to 1.9, please see the individual technology chapters and Annex One for all of the important assumptions required for the LCOE calculations. 27 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2019 USD/kW Capacity factor 2019 USD/kWhPDF 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)