Technology Status - NET Nowak Energie & Technologie AG
Technology Status - NET Nowak Energie & Technologie AG
Technology Status - NET Nowak Energie & Technologie AG
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Table 2<br />
Ranges of Investment and Generation Costs in 2002 and 2010<br />
Note: Discount rate is 6% for all technologies; amortisation period is 15-25 years, and operation & maintenance<br />
costs are technology-specific.<br />
Source: <strong>NET</strong> Ltd. Switzerland.<br />
● Cost Competitiveness<br />
Although the average costs of renewable electricity are not widely<br />
competitive with wholesale electricity, renewables can offer electricity and<br />
electric services at competitive rates in a wide range of specific on-grid or offgrid<br />
situations or applications.<br />
Figure 3 indicates the cost range of renewable power. To identify and exploit<br />
real market opportunities, it is necessary to assess the competitiveness of<br />
specific applications and services in specific local circumstances. It is only by<br />
taking advantage of these unique situations – be it large-scale on-grid<br />
applications or niche markets off-grid, or in specific country situations – that<br />
renewable electricity can build a vigorous and sustained market.<br />
Many best cases already show that under optimal conditions – i.e. optimised<br />
system design, siting and resource availability – electricity from biomass,<br />
small hydropower, wind and geothermal power plants can be produced at<br />
low costs ranging from 2 to 5 USD cents per kWh. Cost competitiveness is<br />
EXECUTIVE SUMMARY<br />
Low High Low High<br />
investment investment generation generation<br />
costs costs costs costs<br />
USD/kW USD/kW USD/kWh USD/kWh<br />
2002 2010 2002 2010 2002 2010 2002 2010<br />
Small 1000 950 5000 4500 2-3 2 9-15 8-13<br />
hydro power<br />
Solar 4500 3000 7000 4500 18-20 10-15 25-80 18-40<br />
photovoltaic power<br />
Concentrating 3000 2000 6000 4000 10-15 6-8 20-25 10-12<br />
solar power<br />
Biopower 500 400 4000 3000 2-3 2 10-15 8-12<br />
Geothermal 1200 1000 5000 3500 2-5 2-3 6-12 5-10<br />
power<br />
Wind power 850 700 1700 1300 3-5 2-4 10-12 6-9<br />
19