Publication - Renewable Power Generation Costs in 2018

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Title

Renewable Power Generation Costs in 2018

Publisher

International Renewable Energy Agency (IRENA)

Author

Harold Anuta, Pablo Ralon & Michael Taylor

Published in

May 2019

Abstract

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. Costs from all commercially available renewable power generation technologies declined in 2018. The global weighted-average cost of electricity declined 26% year-on-year for concentrated solar power (CSP), followed by bioenergy (-14%), solar photovoltaic (PV) and onshore wind (both -13%), hydropower (-12%), geothermal and offshore wind (both -1%), the report finds.

URL

link to the document

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