Global Leader in International Renewable Industry News

posted in:

Falling renewable energy costs provide wake-up call to policy makers

Tuesday, Jan 15, 2013

Renewable energy has entered into a new virtuous cycle of falling costs, increasing deployment, and accelerated technological progress, a ground-breaking report by the International Renewable Energy Agency has found.

“The past two years have seen a remarkable increase in the competitiveness of renewable energy”

The cost of solar energy, for example, has dropped below the cost of diesel generation worldwide for communities living away from the electricity grid.

The public debate around renewable energy, however, continues to suffer from an outdated perception that renewable energy is not competitive, forming a significant and unnecessary barrier to its deployment.

Renewable Power Generation Costs in 2012: An Overview, launched during the IRENA annual Assembly and at the World Future Energy Summit in Abu Dhabi, is the most current, comprehensive analysis of the costs and performance of renewable power generation today. It can be found on www.irena.org.

Its analysis of 8000 medium- to large-scale renewable power generation projects reveals that renewables are fast becoming the most competitive option for new electricity grid supply and swift grid extension, and are already the default economic solution for off-grid power supply.

Source: Business Wire

posted in:

Other Renewable News

Trina Solar announces grid connection for 23.8 MW PV projects in UK 18-04-2014
Hannon Armstrong ("HASI") and Sol Systems collaborate to deploy up to $100 million of debt financing for distributed solar project developers in 2014 18-04-2014
EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014