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in the range of USD 2 000 to USD 2 300/kW depending on the region. However, these are not dissimilar to OECD values. It is important to note that the non‐OECD regions with higher costs than China and India offset this to some extent by having higher capacity factors (see Section 4.2). The range of installed costs in non‐OECD countries highlights the possibilities for the competitive deployment of wind outside of the OECD, China and India. Growing regional hubs for markets in wind will help to alleviate some of the cost pressures, although installed costs are unlikely to ever be as competitive as in China and India with their large domestic markets. 3500 3000 2500 2000 1500 1000 500 0 China Africa Eastern Europe Other and Central Asia Asia India Latin America FIGURE 4.3: TOTAL INSTALLED COSTS AND WEIGHTED AVERAGES OF COMMISSIONED AND PROPOSED LARGE WIND FARMS IN NON-OECD COUNTRIES AND REGIONS (>5MW), 2009-2012 SOURCE: IRENA RENEWABLE COST DATABASE. India has deployed large numbers of small wind farms of up to 5 MW. Figure 4.4 presents data for proposed and already commissioned small wind farms in India. The average cost of these projects is very similar to the overall average cost for the country’s large wind farms, although the range is narrower than for >5 MW scale wind farms. The most notable difference is that there are fewer wind farms with very low installed costs. Renewable Power Generation Costs in 2012: An Overview 33 2011 USD/kWPDF Image | International Renewable Energy Agency
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