Tag Archives: cost

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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Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020

The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA). The report also highlights that solar PV costs are expected to halve by … Continue reading Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020

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India’s wind energy tariff drops to all-time low

India’s wind power tariff has dropped to an all-time low of Rs 2.64 per unit, primarily due to a sharp fall in the cost of wind turbine generators as India moves from a feed-in tariff regime to tariff-based competitive auctions in the wind power sector.   In an auction conducted by state-run Solar Energy Corp. … Continue reading India’s wind energy tariff drops to all-time low

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Renewables will increasingly challenge fossil fuels on cost

Renewables will increasingly challenge fossil fuels on cost. Green power outlook presented by Bloomberg New Energy Finance. The cost of renewables is plunging faster than forecasters anticipated just a few years ago as as technologies like gigantic wind turbines arrive on the market. That’s the conclusion of Bloomberg New Energy Finance, whose founder Michael Liebreich … Continue reading Renewables will increasingly challenge fossil fuels on cost

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Wind power costs: another 50 percent reduction possible by 2030

Fresh off the first-ever American Wind Week, the Department of Energy (DOE) National Renewable Energy Laboratory (NREL) released a new report finding wind energy cost reductions of 50 percent are possible by 2030. That’s on top of the 66 percent cost reduction since 2009. Envisioning the wind plant of the near-future – a ‘collection of … Continue reading Wind power costs: another 50 percent reduction possible by 2030

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DOE reports find wind energy is more affordable than ever

Wind energy costs are lower than ever, with steady advances in technology and better wind turbine performance, according to three new reports released by the U.S. Department of Energy (DOE). New DOE reports include the “2016 Wind Technologies Market Report,” the “2016 Offshore Wind Technologies Market Report,” and the “2016 Distributed Wind Market Report.” “The … Continue reading DOE reports find wind energy is more affordable than ever

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2016 Wind Power Technologies Market Report

Wind power capacity in the United States experienced strong growth in 2016. Recent and projected near-term growth is supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as a myriad of state-level policies. Wind additions have also been driven by improvements in the cost and performance of wind power technologies, yielding low … Continue reading 2016 Wind Power Technologies Market Report

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Wind energy has become historically low-cost

Talk about good timing: Building on our first-ever American Wind Week, the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (LBNL) released its annual Wind Technologies Market Report today. LBNL’s findings confirm that U.S. wind energy costs continue to fall, technology continues to advance and performance continues to improve. This has helped the wind industry … Continue reading Wind energy has become historically low-cost

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Record-Breaking Cost Reduction for Concentrated Solar Power Generation

The Dubai Electricity and Water Authority (DEWA) announced on 4 June the prices offered from four consortia for the 200-MW fourth phase of the Mohammed bin Rashid Al Maktoum solar park. The lowest bid for the Solar Thermal Electricity (STE) project came in at 9.45 US cents/kWh (approx. 8.4 €cts/kWh). Participating consortia were [ACWA Power … Continue reading Record-Breaking Cost Reduction for Concentrated Solar Power Generation

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On the economics of wind energy and solar power

November’s COP22 climate summit of Marrakech gave climate policy fresh tailwind, after the blow of Donald Trump’s election. Even without a strong global treaty, national climate policies are multiplying?—?at least a certain type of policies. While the policy that economists often recommend?—?putting a price on greenhouse gas emissions?—?remains patchy, as a recent Worldbank report shows, … Continue reading On the economics of wind energy and solar power

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