Contact us about costs
IRENA IRENA
IRENA Renewable Costing Alliance Webinar
IRENA Renewable Costing Alliance Webinar

Tuesday, May 28, 2013  Bonn, Germany

The business case for increasing renewable energy investments globally depends on gathering more and more accurate  data on the costs and performance of different technologies. The IRENA Business Forum hosted three webinars on 28-30 May 2013 to engage the private sector and inform companies about the work of the International Renewable Energy Agency (IRENA) on costing and how to contribute to such activities. The aggregation of more, and more accurate, data enables IRENA to promote a compelling business case for the accelerated deployment and use of renewable energy globally.      

Advanced biofuels to be competitive with fossil fuels by 2020.       Solar PV module prices of around USD 0.75/Watt makes PV the economic solution for 1.3 billion people.       Electric vehicle battery packs to fall 40% to 55% by 2020 to cost USD 300-400/kWh in 2020.       Some of today's first-of-a-kind commercial plug-in hybrid and battery electric vehicles are economic today.       Road transport accounted for 76% of total transport demand in 2010.       Biodiesel consumption grew 42% per year between 2000-2010.       Feedstock costs account for 60-80% of total conventional ethanol production costs.       The levelised cost of electricity of wind, solar PV, CSP and biomass is declining.       Electricity from hydropower, geothermal and biomass where good resources remain are the cheapest way to generate electricity.       Renewables are increasingly the most economic solution for new grid connected capacity.       Wind turbine prices have been declining since 2009.       Renewables are becoming the economic choice for off-grid and mini-grids.       Wind turbine prices in China in 2012 were USD 620/kW.       The installed cost of wind is typically lower than coal-fired power plants in OECD countries.