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All articles of topic Costs

© IRENA
IRENA report

PV 56 % cheaper than fossil fuels or nuclear

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81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030, according to the International Renewable Energy Agency (IRENA).

© Juwi
Agri-PV

"Dual use with animal husbandry has great potential"

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Agrivoltaics is being promoted as the ideal way to combine solar power generation and agricultural use. Although it can hardly replace traditional solar parks, it offers interesting opportunities for niche applications, says Carsten Bovenschen, CEO of Juwi, in an interview.

© Longi
Manufacturing

Longi: Global Lighthouse Factory

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Longi announced that its Jiaxing Production Base has been recognized by the World Economic Forum (WEF) as a Global Lighthouse Factory, the world’s first solar module manufacturing base joining WEF's Global Lighthouse Network (GLN). 

© SolarPower Europe
SolarPower Europe

PV with heatpumps saves up to 84 % on energy bills

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A new report of SolarPower Europe shows that solar PV and heat pump combos saved Europeans up to 84% on household energy bills in 2022.

© European Solar
Supply chain

Solar panel prices: quiet before the storm

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Transport costs, polysilicon and solar panel prices dropped sharply the last weeks. But it will not stay like this, Gerard Scheper, CEO of European Solar, says.

© European Solar
Solar modules

Container prices at lowest level in a year and a half

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The downward trend in container prices has continued in the past period, so that prices are now back at the level of January 2021. A decrease of 63 percent in one year. If you commit large contracts for a longer period of time, you can end up even lower, says Gerard Scheper, CEO of European Solar: "Then you can set the prices at 3,000 to 3,500 dollars."

© Zimmermann PV-Steel Group
Agriculture

Agri-PV: Still several hurdles to overcome

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Agrivoltaics is considered to have a promising future. However, the example of Germany shows that the building law slows down many projects and the projects have to struggle with material price increases.

© RWE
Global energy transition

Ammonia-coal co-firing strategy costly approach to decarbonization

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Japanese utilities are exploring retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. This is unlikely to become an economically viable path to reduce power sector emissions, a report of BloombergNEF (BNEF)states.

© BNEF
BloombergNEF

Cost of new build renewables temporarily rises

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Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago according to BloombergNEF (BNEF).

© Trianel
Germany/Trianel:

"We can't solve bottlenecks overnight“

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Herbert Muders, Managing Director of Trianel Energieprojekte, on municipal participation, long approval times and land availability, as well as supply bottlenecks and cost increases.

© Galbraith
Europe:

Scotland becoming a solar energy hot spot

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Rural Scotland is becoming a solar energy hot spot where increasingly, landowners are approached by developers looking for land to generate energy from the sun, says Philippa Orr from property consultancy Galbraith.

© Goldbeck Solar
Study:

Market parity of PV and wind reached in almost all of Europe in 2021

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In 2021, market values for PV and onshore wind reached record levels in European markets, primarily due to sharp increases in natural gas and CO2 allowance prices. As a result, market parity was reached in almost all European markets.

© Solarwatt
SolarPower Europe:

Residential battery storage: Over 400% growth by 2025

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Europe’s residential battery storage will grow over 400% to 12.8 GWh by 2025, according to the new 5-year SolarPower Europe Market Outlook.

© Meyer-Burger
PV Manufacturing:

Return of „made in Europe“

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Driven by the strong supply dependencies that have become apparent as a result of the Corona pandemic and by political tailwinds, there are first concrete steps for a return of PV manufacturing to Europe.

© Agora Energiewende
Agora Energiewende:

Make renewable hydrogen cost-competitive

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The expansion of renewable hydrogen in the EU calls for policy support in the order of 10–24 billion euros a year until the end of this decade. A new study outlines which policy instruments are essential for renewable hydrogen’s successful market uptake – and its economic competitiveness.

© BNEF
Cost reduction:

New-build solar often cheaper than existing coal plants

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Building and operating new utility-scale solar PV is cheaper than running existing coal and gas-fired plants in China, India and across most of Europe according to BloombergNEF.

© Fraunhofer ISE
Levelized cost of electricity:

Renwables beat conventional power plants clearly

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Due to the intensified actions taken to protect the climate, the operating costs of conventional power plants are rising. At the same time, the levelized costs of electricity, particularly for photovoltaic plants, have continued to fall.

© ZAE Bayern
Energy transition:

Cheap solar cuts costs of green hydrogen

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The levelized cost of hydrogen (LCOH2) made from renewable electricity is set to fall faster than estimated, driven declining solar PV electricity costs according to BloombergNEF.

© LEAG

Replacing lignite plants with renewables cost-effective

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A coordinated phase out from lignite in Germany, Poland, and the Czech Republic favours power consumers and climate, according to a new study.

© Wircon

PV cheapest power generating technology in UK

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New Government figures indicate that large-scale solar will be lowest cost deploy and maintain over the next two decades.

© FrankfurtSchool_UNEP Centre/BNEF

Costs of PV plants declined by 83% within a decade

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As COVID-19 hits the fossil fuel industry, a new report shows that renewable energy is more cost-effective than ever – providing an opportunity to prioritize clean energy in economic recovery packages and bring the world closer to meeting the goals of the Paris Agreement.

© stafichukanatoly / pixabay.com, CC0 Public Domain

A plea for direct C02 pricing

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Setting a price on CO2 works better than limiting the amount of emissions, renowned scientists say.