Tuesday, December 4, 2018
Renewable energy costs.
Renewable energy costs continue to fall in both absolute terms and relative to conventional energy sources.
- The switch to competitive bidding will see costs peak and then decline for governments that face high subsidy bills from feed-in tariffs.
- The portfolio of subsidy-free renewable energy options will grow in the next five years to include solar thermal energy and offshore wind.
- Technology advances will particularly reduce the cost over the next decade of building offshore wind capacity.