The International Renewable Energy Agency (IRENA) says the result represents a 12% year-on-year decrease in the cost of photovoltaics (PV). The figure has fallen by 90% since the beginning of 2010.The globalized weighted levelized cost of electricity (LCOE) for large-scale photovoltaic (PV) plants stood at $0.044/kWh in 2023, according to a report by the International … Continue reading Average LCOE for photovoltaics (PV) stood at $0.044/kWh in 2023, IRENA says
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The cost of putting photovoltaic panels into operation falls by more than 80%
The average capital costs of building photovoltaic power plants have fallen by more than 80% over the last decade, according to data from the International Renewable Energy Agency (IRENA). The global average cost of operating 1 kilowatt (kW) of photovoltaic panels has fallen from $5,124 in 2010 to $876 in 2022 (all values ??are in … Continue reading The cost of putting photovoltaic panels into operation falls by more than 80%
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Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating … Continue reading Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
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Global Offshore Wind Energy Compact signed by the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC)
GWEC and IRENA are delighted to announce a new UN Global Compact to advance SDG7 on sustainable energy for all, in line with the goals of the Paris Agreement on climate change. The agreement states that by 2030, IRENA and GWEC will work together to: Increase government ambition to achieve 380 GW of offshore wind … Continue reading Global Offshore Wind Energy Compact signed by the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC)
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Double the Share of Renewables in the ‘Decade of Action’ to Achieve Energy Transition Objectives
Renewable energy has advanced since 2010 to the centre ground of global energy and development policy. Renewables have become the world’s primary source of new power capacity, outpacing all other forms of new generation put together. The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 gigawatts … Continue reading Double the Share of Renewables in the ‘Decade of Action’ to Achieve Energy Transition Objectives
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Energy Transformation Can Create More than 40m Jobs in Renewable Energy
Renewable energy could employ more than 40 million people by 2050 under the International Renewable Energy Agency’s (IRENA) climate safe energy path, according to a report published by the Agency during its 10th Assembly. The report finds that total energy sector employment can reach 100 million by 2050, up from around 58 million today should … Continue reading Energy Transformation Can Create More than 40m Jobs in Renewable Energy
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Concentrated Solar Power costs are expected to fall by 79% by 2022
Concentrating Solar Power costs have already plummeted by 47% compared to 2010. It is likely that costs will continue their downward trajectory thanks to economies of scale, deployment in locations with better solar resources and lower costs of capital, according to a study by the International Renewable Energy Agency (IRENA). The International Renewable Energy Agency … Continue reading Concentrated Solar Power costs are expected to fall by 79% by 2022
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IRENA Explores Potential of Green Hydrogen
Hydrogen from renewables like wind energy and solar power can help tackle various critical energy challenges. It could particularly offer ways to decarbonise a range of sectors where it is proving difficult to meaningfully reduce CO2 emissions, a new report by the International Renewable Energy Agency (IRENA) on Hydrogen: a renewable energy perspective finds. As … Continue reading IRENA Explores Potential of Green Hydrogen
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Renewables Can Lead the World’s Response to Climate Change
The International Renewable Energy Agency (IRENA) will deliver a clear message to policy makers, civil society leaders and business decision makers in New York during the 74th Session of the UN Assembly and the Climate Action Summit next week. The Agency will reinforce the fact that limiting climate change within the 11-year time frame specified … Continue reading Renewables Can Lead the World’s Response to Climate Change
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IRENA and UN agree to jointly combat desertification through renewables
The International Renewable Energy Agency (IRENA) and the Secretariat of the United Nations Convention to Combat Desertification (UNCCD) are joining forces to support climate adaptation and resilience and to implement UN Sustainable Development Goals through renewables. In a Memorandum of Understanding signed today by IRENA’s Director-General Francesco La Camera and UNCCD’s Executive Secretary Ibrahim Thiaw, … Continue reading IRENA and UN agree to jointly combat desertification through renewables
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IRENA and UN Climate Change Join Forces to Accelerate Renewables as Climate Solution
The International Renewable Energy Agency (IRENA) and UN Climate Change (UNFCCC) are jointly ramping up efforts to fight climate change by promoting the widespread adoption and sustainable use of renewable energy. The new strategic partnership builds on a long history of cooperation that aims to ensure a low-carbon climate-resilient world in line with the Sustainable … Continue reading IRENA and UN Climate Change Join Forces to Accelerate Renewables as Climate Solution
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IRENA Urges for More Climate Ambition through Renewables
IRENA presents renewable energy roadmap to address climate change and deliver jobs, economic growth and sustainable development at high-level UN Climate Meeting The tools required to meet the decarbonisation goals of the Paris Agreement exist today, and are technically feasible and economically attractive. This central message is being presented by IRENA at the UN’s Abu … Continue reading IRENA Urges for More Climate Ambition through Renewables
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High-Level Discussion on Renewables and Climate Change to Get Underway at 17th Council
More than 360 government representatives from 116 countries will gather in Abu Dhabi tomorrow to attend the Seventeenth Council of the International Renewable Energy Agency (IRENA). Luxembourg will Chair the Agency’s two-day high-level meeting that takes place days ahead of the Abu Dhabi Climate Meeting, one of the central global preparatory meetings for the United … Continue reading High-Level Discussion on Renewables and Climate Change to Get Underway at 17th Council
Continue readingIRENA to Present Innovation Pathway to Renewable Energy Growth at G20
The G20 group of countries, whose members represent nearly 80 per cent of global energy consumption and hold 75 per cent of global renewables deployment potential by 2030, are well positioned to lead the global energy transformation. The group has shown a growing commitment to collaborate on climate and energy issues, and to address challenges … Continue reading IRENA to Present Innovation Pathway to Renewable Energy Growth at G20
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11 Million People Employed in Renewable Energy Worldwide in 2018
Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA). This compares with 10.3 million in 2017 . As more and more countries manufacture, trade and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables … Continue reading 11 Million People Employed in Renewable Energy Worldwide in 2018
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Renewable Energy to have future geopolitical effects
IRENA estimates that by 2025 the global weighted average cost of electricity could fall by 26 % from onshore wind energy, by 35 % from offshore wind power, by at least 37 % from concentrated solar power (CSP) technologies, and by 59 % from solar photovoltaics (PV). IRENA, the Assembly of the International Renewable Energy … Continue reading Renewable Energy to have future geopolitical effects
Continue readingThe world obtained 17.5% of its total final energy consumption from renewable sources
The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international agencies. … Continue reading The world obtained 17.5% of its total final energy consumption from renewable sources
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EU doubling renewables by 2030 positive for economy
The European Union (EU) can increase the share of renewable energy in its energy mix to 34 per cent by 2030 – double the share in 2016 – with a net positive economic impact, finds a report by the International Renewable Energy Agency (IRENA), launched in Brussels. Presenting the findings during a launch event, ‘Renewable … Continue reading EU doubling renewables by 2030 positive for economy
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IRENA welcomes Brazil’s decision to seek membership of the Agency
Director-General Adnan Z. Amin has welcomed Brazil’s decision to initiate the process of joining the International Renewable Energy Agency (IRENA). The Brazilian Government notified the Agency that it is commencing the formal procedure of accession to become a full Member of the Agency. “Brazil’s decision to seek IRENA’s membership reflects the country’s strong commitment to … Continue reading IRENA welcomes Brazil’s decision to seek membership of the Agency
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Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020
The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA). The report also highlights that solar PV costs are expected to halve by … Continue reading Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020
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