Biomass costs would be lower than those of most fossil energy sources in most countries of the world. IRENA recent report reveals how technologies are reaching grid parity.

The cost-competitiveness of renewable power generation technologies has reached historic levels. Biomass for power, hydropower, geothermal and onshore wind can all now provide electricity competitively compared to fossil fuel-fired power generation.

LCOEs (levelised cost of electricity) of the more mature renewable power generation technologies – biomass for power, geothermal and hydropower – have been broadly stable since 2010. However, where untapped, economic resources remain, these mature technologies can provide some of the cheapest electricity of any source.

Cost 1

Cost 2
Regional, weighted average costs of electricity from biomass for power, geothermal, hydropower and onshore wind are all now in the range, or even span a lower range, than estimated fossil fuel-fired electricity generation costs. Because of striking LCOE reductions, solar PV costs also increasingly fall within that range.

Full report can be read here.

Source: IRENA


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