Renewable Power Generation Costs in 2022
www.irena.org
IRENA’s global renewable power generation costs study shows that the competitiveness of renewables continued to improve despite rising materials and equipment costs in 2022.

Levelized cost of energy for various renewable technologies in 2010 and 2022. All except geothermal dropped. Onshore wind and solar are below the cost of fossil fuels. Other technologies overlap with the lower end of fossil fuel electric generation costs

  • BastingChemina@slrpnk.net
    1·
    1 year ago

    It’s good !

    So solar and wind are going down. It’s very good we will need to install a lot of that.

    Biomass is also going down which is good since solar and wind need thermal power station to back them up. Even though I have concern about competition on agricultural land.

    Hydropower is going up, my intuition is that most of the suitable sites for hydropower are already in use. I don’t think we will see a huge increase of hydropower capacity in the future. In the western world at least.

    Geothermal, I don’t know about this one. This is a very complex energy and it as potential to become much bigger than it is now or not.

    • flatbield@beehaw.orgEnglish
      1·
      1 year ago

      Maybe I am wrong, but geothermal I think is quite site specific. You either have that resource our you do not. Hint, Iceland has it. Solar and Wind seem a lot more general. Agree, most of the hydro sites are probably taken.

      Biomass. Note sure most biomass is specifically grown. It is usually waste disposal. Not even sure this is really that sustainable long run. Are there sustainable biomass plans?