Renewable energy has entered into a virtuous cycle of falling costs, increasing deployment, and accelerated technological progress. The public debate around renewable energy, however, continues to suffer from an outdated perception that renewable energy is not competitive, forming a significant and unnecessary barrier to its deployment. IRENA’s cost analysis programme is designed to improve the publicly available analysis and data on costs to allow policy makers and investors to make robust decisions about the role of renewables. By improving the quality of renewable cost data and its dissemination, IRENA is working hard to accelerate the deployment of renewables by providing up-to-date information on renewable energy technologies, their costs and cost-reduction potential.
IRENA's goal is to become THE source for renewable cost data. Our aim is to provide you with easily accessible information in a variety of formats that meet your needs for information about renewable energy technology costs and performance.
IRENA’s costing work is built around a unique, world-class resource, the IRENA Renewable Cost Database. The IRENA Renewable Cost Database contains data from over 9,000 utility-scale renewable energy projects and is being continuously expanded through IRENA’s Renewable Costing Alliance, an alliance of companies, industry association, governments and researchers that share, confidentially, their data for real-world renewable energy projects, helping to build further on IRENA’s costing work to date.
For more information and how to join go to IRENA RENEWABLE COSTING ALLIANCE.
In order to facilitate and streamline your access to IRENA's information and analysis of the costs of renewables, we have divided costing information by technology and sector. The technology pages include a brief overview of the technology and sector, a list of relevant publications, presentations and charts for your use.
Unless otherwise noted, material on this website may be used freely, shared or reprinted, so long as IRENA is acknowledged as the source.
Technologies covered include:
Analysis has begun and this data will be available in the near future.
IRENA’s costing team produces a number of publications on today’s technology costs and performance, as well as future cost trends. IRENA’s most recent costing publication, Renewable Power Generation Costs in 2014, analyzed the costs and performance of renewable power generation technologies and found an increased competitiveness of renewable power generation technologies in the last years.
Previous costing analyses looked at the cost and performance of renewable technologies and fuels for transportation. Released in July 2013 Road Transport: The Cost of Renewable Solutions found an increasingly positive outlook for the use of renewable energy in road transport by 2020 and beyond. Costing publications cover power generation technologies and in the future, stationary applications.
For a full list of costing publications and free downloads of the full reports and executive summaries click here.
The costing team organises several events per year on issues related to the cost and performance of renewable energy technologies, including workshops, webinars and publication releases.
For a list of upcoming events and the events archive (that includes the agenda and presentations) click here.