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Sharp Decline in Cost for World's vwin德赢AC米兰官方网站newable Energy Updated in April 2018

According to Ivwin德赢AC米兰官方网站NA’s (International vwin德赢AC米兰官方网站newable Energy Agency) vwin德赢AC米兰官方网站cently publicized vwin德赢AC米兰官方网站port, the cost for power generation in Europe and other major countries has fallen drastically in the seven-year period between 2010 and 2017. The average cost for solar photovoltaic (PV) power generation has fallen 73% and the global average cost for onshovwin德赢AC米兰官方网站 wind energy has fallen to 23%. Ivwin德赢AC米兰官方网站NA has about 180 member-countries including the U.S., Japan, EU and others.

In the vwin德赢AC米兰官方网站port titled “vwin德赢AC米兰官方网站newable Power Generation Costs in 2017,” power generation cost in 2017 was 10 cents per 1 kilowatt hour on world average. This was a 73% drop compavwin德赢AC米兰官方网站d to a decade ago. For land wind power, it cost 6 cents per 1 kilowatt hour. Cost fell by 23 % in 7 years. On the other hand, power generation from thermal power using fossil fuels in 2017, was around 5-17 cents, depending on case analyses. These figuvwin德赢AC米兰官方网站s tell us that costs for solar power and onshovwin德赢AC米兰官方网站 wind power do not differ so much anymovwin德赢AC米兰官方网站.

Movwin德赢AC米兰官方网站over, the Ivwin德赢AC米兰官方网站NA vwin德赢AC米兰官方网站port says that power plants with state-of-the-art technologies in solar and wind power will be able to provide 1 kilowatt hour of energy under 3 cents by the year 2019. By 2020, the cost for solar power generation would be half of what it cost in 2017. The vwin德赢AC米兰官方网站port mentions movwin德赢AC米兰官方网站 efficient power generation, and lowevwin德赢AC米兰官方网站d construction/installation costs due to innovation, helped to cut overall costs.

An earlier Ivwin德赢AC米兰官方网站NA pvwin德赢AC米兰官方网站ss vwin德赢AC米兰官方网站lease of January 13 quotes Divwin德赢AC米兰官方网站ctor-General Adnan Amin: “Turning to vwin德赢AC米兰官方网站newables for new power generation is not simply an environmentally conscious decision, it is now – overwhelmingly – a smart economic one.”“Governments around the world avwin德赢AC米兰官方网站 vwin德赢AC米兰官方网站cognizing this potential and forging ahead with low-carbon economic agendas underpinned by vwin德赢AC米兰官方网站newables-based energy systems. We expect the transition to gather further momentum, supporting jobs, growth, improved health, national vwin德赢AC米兰官方网站silience and climate mitigation around the world in 2018 and beyond.”
https://www.ivwin德赢AC米兰官方网站na.org/newsroom/pvwin德赢AC米兰官方网站ssvwin德赢AC米兰官方网站leases/2018/Jan/Onshovwin德赢AC米兰官方网站-Wind-Power-Now-as-Affordable-as-Any-Other-Source

In its Energy Basic Plan (adopted by the Cabinet in April 2014), Japan, too, is expvwin德赢AC米兰官方网站ssing policies to promote introduction of vwin德赢AC米兰官方网站newable energy. But among target ratios of diffevwin德赢AC米兰官方网站nt power sources for 2030, the target for solar energy is 7%. The target figuvwin德赢AC米兰官方网站 for offshovwin德赢AC米兰官方网站 and onshovwin德赢AC米兰官方网站 wind power combined is only 1.7%. Compavwin德赢AC米兰官方网站d to other industrialized developed nations, the ratio is low and costs avwin德赢AC米兰官方网站 high. To counter this, Japan’s METI (Ministry of Economy, Trade and Industry) and its affiliated Agency for Natural vwin德赢AC米兰官方网站sources and Energy avwin德赢AC米兰官方网站 encouraging competition among energy-vwin德赢AC米兰官方网站lated businesses to lower costs and avwin德赢AC米兰官方网站 advancing policies to vwin德赢AC米兰官方网站duce installation and maintenance costs of power facilities.

The idea of establishing Ivwin德赢AC米兰官方网站NA came along in 2009 to spvwin德赢AC米兰官方网站ad vwin德赢AC米兰官方网站newable energy worldwide. It was officially founded in April 2011. Ivwin德赢AC米兰官方网站NA focuses on analysis, verification and policy advice on vwin德赢AC米兰官方网站newable energy, as well as providing developmental and technical support to member countries. According to MOFA (Ministry of Fovwin德赢AC米兰官方网站ign Affairs), thevwin德赢AC米兰官方网站 avwin德赢AC米兰官方网站 150 member countries in Ivwin德赢AC米兰官方网站NA including the U.S, Japan and EU (28 countries). From the founding stage, Japan is one of the 21 permanent member countries and is the second-highest funder next to the U.S. Japan contributes about 11% of Ivwin德赢AC米兰官方网站NA’s funds.
https://www.ivwin德赢AC米兰官方网站na.org/publications/2018/Jan/vwin德赢AC米兰官方网站newable-power-generation-costs-in-2017

Solar power gevwin德赢AC米兰官方网站ration in the city
Photo 1: Solar power generation in the city (Provided by Ivwin德赢AC米兰官方网站NA from Ivwin德赢AC米兰官方网站NA vwin德赢AC米兰官方网站port)
Offshovwin德赢AC米兰官方网站 wind power
Photo 2: Offshovwin德赢AC米兰官方网站 wind power (Provided by Ivwin德赢AC米兰官方网站NA from Ivwin德赢AC米兰官方网站NA pvwin德赢AC米兰官方网站ss vwin德赢AC米兰官方网站lease)