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Contents EXECUTIVE SUMMARY 4 LIST OF TABLES 10 LIST OF FIGURES 10 1. INTRODUCTION 12 1.1 Rationale for IRENA’s cost analysis 12 2. RENEWABLE POWER GENERATION COSTS: AN OVERVIEW 14 2.1 Renewable power generation costs by technology 14 2.2 Renewable power generation costs by region 21 2.3 The declining costs of renewables: Implications 24 3. GLOBAL RENEWABLE POWER MARKET TRENDS 25 3.1 Total installed renewable power generation capacity at the end of 2011 25 3.2 Annual new renewable capacity additions 26 4. WIND POWER 28 4.1 Wind power capital costs 28 4.1.1 Wind turbine costs 31 4.1.2 Total installed costs onshore 32 4.1.3 Total installed costs offshore 34 4.2 Capacity factors for wind power 35 4.3 Operations and maintenance costs 36 4.4 The levelised cost of wind electricity 37 5. HYDROPOWER 39 5.1 Hydropower capital costs 39 5.1.1 Hydropower electro-mechanical costs 41 5.1.2 Total installed costs 42 5.2 Capacity factors for hydropower 44 5.3 Operations and maintenance costs 44 5.4 The levelised cost of hydro electricity 45PDF Image | International Renewable Energy Agency
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