Tag Archives: cost

Report finds attractive wind energy prices, at under 2¢/kWh on average

“2018 Wind Technologies Market Report” provides an annual overview of trends in the U.S. wind power market.  Highlights of this year’s report include: Wind power capacity additions continued at a robust pace in 2018: $11 billion was invested in new wind power plants in 2018. In 2018, wind energy contributed 6.5% of the nation’s electricity … Continue reading Report finds attractive wind energy prices, at under 2¢/kWh on average

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Wind energy costs and prices driven to new lows in US

Wind power is enjoying a prime period in the United States, with record low technology costs spurring strong investment, as local production of components helps projects avoid the worst impacts of Trump’s trade war with China that has hit the solar market hard. The Wind Technologies Market Report commissioned by the US Department of Energy, … Continue reading Wind energy costs and prices driven to new lows in US

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Wind power costs have plummeted. How can they fall even further?

New technology gets cheaper over time. We’ve seen it with TVs, laptops and even cell phones. While a new iPhone may run you several hundred dollars today, a Motorola DynaTac would have set you back nearly $4,000 in 1983. Wind energy is no exception to this rule—it may have been costly at one time, but … Continue reading Wind power costs have plummeted. How can they fall even further?

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Renewable Electricity Generation Costs

In many parts of the world, renewables represent the least cost source of new power generation technology. The global weighted average levelised cost of electricity (LCOE) from all commercially available renewable power generation technologies declined in 2018, including concentrated solar thermal power (CSP) (down 26% from 2017), bioelectricity (down 14%), solar PV and onshore wind … Continue reading Renewable Electricity Generation Costs

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Irena: Concentrated Solar Power Costs Fell 46% From 2010–2018

The International Renewable Energy Agency (IRENA) has reported that energy generation and installation costs of concentrated solar power (CSP) or concentrating solar thermal projects fell sharply in 2018, down more than 40% from 2010. IRENA analyzed multiple financial and technical parameters related to concentrated solar power projects in its latest report Renewable Power Generation Costs … Continue reading Irena: Concentrated Solar Power Costs Fell 46% From 2010–2018

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IRENA says falling renewable energy costs will drive global climate action

Lower cost of production and cheaper rates of power will strengthen the business case and solidify the role of renewables as the engine of the global energy transformation, the International Renewable Energy Agency (Irena) said in its latest report. The study released on Wednesday, ahead of Abu Dhabi’s global preparatory meeting for the United Nations … Continue reading IRENA says falling renewable energy costs will drive global climate action

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Solar power, onshore wind energy to fall below cost of fossil fuel for first time

Renewable energy has become an increasingly competitive way to meet new power generation needs. This comprehensive cost study from the International Renewable Energy Agency (IRENA) highlights the latest trends for each of the main renewable power technologies. Released ahead of high-profile United Nations energy and climate discussions, Renewable Power Generation Costs in 2018 draws on the … Continue reading Solar power, onshore wind energy to fall below cost of fossil fuel for first time

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Falling Renewable Power Costs Open Door to Greater Climate Ambition

Renewable power is the cheapest source of electricity in many parts of the world already today, the latest report from the International Renewable Energy Agency (IRENA) shows. The report contributes to the international discussion on raising climate action worldwide, ahead of Abu Dhabi’s global preparatory meeting for the United Nations Climate Action Summit in September. With … Continue reading Falling Renewable Power Costs Open Door to Greater Climate Ambition

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The cost of generating wind energy and solar power has fallen

It’s the moment the global sustainable energy market has been waiting for. Battery technology, the essential element in ensuring continuity of supply from weather-dependent sources such as wind and solar, has suddenly become cost competitive. Since 2010, the benchmark price for solar has dropped 84%, offshore wind by more than half and onshore wind by … Continue reading The cost of generating wind energy and solar power has fallen

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Concentrated Solar Power (CSP) – from niche to winning technology

Concentrated Solar Power (CSP) plants initially won their place on the market thanks to government subsidies. Current trends reveal, however, that development efforts have meanwhile pushed this technology in combination with photovoltaic (PV) installations to competitive parity with fossil power generation. The term “sector coupling” can denote the combining of fossil fuels with renewable energy … Continue reading Concentrated Solar Power (CSP) – from niche to winning technology

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Offshore wind farm could beat onshore wind turbines on cost

Currently, onshore wind energy is one of the cheapest sources of renewable power. However, without change to planning restrictions, Cornwall Insight has estimated offshore wind power is likely to surpass onshore wind farm to be the new source of cheap renewable energy in less than ten years. Offshore wind has seen significant innovations, such as … Continue reading Offshore wind farm could beat onshore wind turbines on cost

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Renewable Energy to have future geopolitical effects

IRENA estimates that by 2025 the global weighted average cost of electricity could fall by 26 % from onshore wind energy, by 35 % from offshore wind power, by at least 37 % from concentrated solar power (CSP) technologies, and by 59 % from solar photovoltaics (PV). IRENA, the Assembly of the International Renewable Energy … Continue reading Renewable Energy to have future geopolitical effects

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Wind energy is more affordable than ever

November is here, and that means peak foliage, turkey stuffing, and the release of Lazard’s Levelized Cost of Energy analysis. For electricity geeks, it’s an early holiday gift. And each year the gift keeps getting better and better for renewable energy. Both the wind and solar industries are relentlessly driving down cost and improving technology … Continue reading Wind energy is more affordable than ever

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University of Texas study highlights wind energy low cost

Wind power, solar and natural gas have the lowest levelized cost of electricity (LCOE) in the majority of counties across the United States, according to a new report from The University of Texas at Austin’s Energy Institute, part of a series of white papers on the Full Cost of Electricity. The report breaks down the … Continue reading University of Texas study highlights wind energy low cost

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Research and innovation vital to sustain wind energy cost reductions and keep industry in Europe

As the EU negotiates the details of its next flagship research and innovation programme – Horizon Europe – channelling resources to the right places will be critical to decarbonise and continue growing Europe’s economy. The Technology and Innovation Platform ETIPWind has released a series of recommendations on where the EU should focus in Research and … Continue reading Research and innovation vital to sustain wind energy cost reductions and keep industry in Europe

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German onshore wind energy auction clears at €61.6/MWh

Winning prices in Germany’s third onshore wind power auction this year rose to an average of €61.6/MWh. This is up from the previous auction in May, where the average price came in at €57.3/MWh. This latest auction had only marginally more bids than the volumes on offer. The German Federal Network Agency, BNetzA, reported 91 … Continue reading German onshore wind energy auction clears at €61.6/MWh

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Latest German onshore wind energy auction results come in at €57/MWh

Bid prices in Germany’s latest onshore wind round rose to an average of €57.3/MWh following an auction that was under-subscribed. According to the German Federal Network Agency, BNetzA, 604 MW of wind capacity across 111 bids entered the second German onshore wind auction this year. This was less than the 670 MW that was on … Continue reading Latest German onshore wind energy auction results come in at €57/MWh

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Cost-competitiveness puts wind energy in front

Today wind power is the most competitively priced technology in many if not most markets worldwide. The emergence of wind/solar hybrids, more sophisticated grid management and increasingly affordable storage begin to paint a picture of what  a fully commercial fossil-free power sector will look like. The Global Wind Energy Council (GWEC) released its Global Wind … Continue reading Cost-competitiveness puts wind energy in front

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Ultra low-cost wind energy project will save utility customers money

It’s not often we celebrate something happening at NorthWestern Energy. However, there were two recent renewable energy developments at the utility in the last two weeks that deserve recognition — both in terms of recognizing the larger benefits of renewables over fossil fuels like coal and gas, and in reducing energy costs. In short, while … Continue reading Ultra low-cost wind energy project will save utility customers money

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Costs fall in French onshore wind energy tender

Costs have fallen in the latest French onshore wind tender, according to the results released by the French Government. 22 projects totalling 508 MW have won the tender. They won on price alone.  The weighted average winning price was €65 MW/h. This was lower than the current tariff for smaller projects (€72 MW/h) and the … Continue reading Costs fall in French onshore wind energy tender

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