Enabling the rapid rise of renewables in the power sector 

In the ongoing energy transition, the power sector has seen the most significant acceleration in renewable energy deployment. Although great progress has been achieved over the past decade, renewable energy deployment in the power sector is expected to continue apace, leading the transformation of the global energy system.

Solar and wind have seen aggressive cost decreases, which launched a virtuous cycle of: deployment; learning effects leading to cost-reduction; and further acceleration of deployment due to increased competitiveness. During the last decade, fossil fuel prices have been characterised by extreme volatility. However, this has not slowed renewable energy deployment in the power system, regardless of competitiveness being higher in certain years than others.

The large-scale deployment of renewables in the power sector has also triggered a wave of innovation in technology, business models and policy, all of which has been covered under IRENA’s related work streams.

Increased efforts are necessary to scale-up renewable energy deployment outside the power sector. The electrification of end-use sectors is gaining momentum, leveraging accelerated renewable energy deployment in the power sector. Electric vehicles are a prominent area of interest and significant potential remains to be exploited in the electrification of heating and industrial processes, as well as the production of fuels (e.g. hydrogen) from renewable electricity.

Planning for the renewable future: Long-term modelling and tools to expand variable renewable power in emerging economies

This report highlights the findings from AVRIL (“Addressing Variable Renewable Energy in Long-term Energy Planning”), a project by IRENA that has identified the best practices in long-term planning and modelling to represent high shares of VRE. 

• January 2017
• |
• Power, Energy Transition
• |
• English

Recent Publications

Renewable Capacity Statistics 2020

This publication presents renewable power generation capacity statistics for the past deca...

Electricity Storage Valuation Framework

Electricity storage will be crucial factor for scaling up solar and wind power. Yet electr...

Power sector planning in Arab countries: Incorporating variable renewables

This report builds on input from a regional long-term planning workshop to addre...

Power system organisational structures for the renewable energy era

This report examines misalignments between current structures, supporting polici...

More

Related Content

Battery Storage Paves Way for a Renewable-powered Future

26 March 2020 | Articles

New Estimates Show Rapid Growth in Off-Grid Renewables

06 May 2018 | Articles

Caribbean Embraces New Geothermal Resource Classification

20 December 2018 | Articles