A range of biomass power generation technologies are now mature and represent competitive power generation options wherever low-cost agricultural or forestry waste is available. In addition, new technologies are emerging that show significant potential for further cost reductions.

Secure, long-term supplies of low-cost, sustainably sourced feedstocks are critical to the economics of biomass power plants. Feedstock costs can be zero for some wastes, including those produced onsite at industrial installations such as black liquor at pulp and paper mills or bagasse at sugar mills, and their use can sometimes save on disposal costs. Bioenergy can provide dispatchable or baseload electricity at very competitive costs. Regional or country weighted LCOE has ranged from lows of USD 0.04/kWh in India and USD 0.05/kWh in China, to USD 0.085/kWh in Europe and North America over the last ten years. Individual projects typically generate electricity that costs between USD 0.03 and USD 0.14/kW; but higher values exist – up to USD 0.25/kWh – particularly for waste incineration projects in the OECD where the primary purpose of the process is not electricity generation, but waste disposal.

Biodiesel

Bioethanol

Biomass

Biomethane

CSP

Electric vehicles

Geothermal

Hydropower

Plug-in hybrid electric vehicles (PHEVs)

Power Generation

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Transport Section

Wind

The Power to Change: Solar and Wind Cost Reduction Potential to 2025

Increasing economies of scale, more competitive supply chains and further technological improvements will continue reducing the costs of solar and wind power. The same factors will also boost the availability of these key renewable power sources at night and in varying weather conditions.

• June 2016
• |
• Costs, Power
• |
• English

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