Renewable power generation costs in 2022
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil
International Renewable Energy Agency (IRENA)
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Firm capacity in Central America: Definitions and implications for variable renewable energy
Firm capacity assesses the contribution of a power plant to meeting demand during critical conditions. This report explores the key factors that affect the estimation of a more equitable firm capacity
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Towards a circular steel industry
Achieving a circular steel sector requires improved material and process efficiency; increased steel recycling; and the adoption of renewable energy sources for steel production. This report provides a
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Geopolitics of the energy transition: critical materials
The energy transition requires a dramatic increase in the supply of critical materials, yet their supplies chains remain vulnerable to a range of geopolitical risks. While there is no scarcity of reserves
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Socio-economic footprint of the energy transition: Southeast Asia
This report explores the potential socio-economic impacts of the energy transition in Southeast Asia. It shows that an ambitious energy transition will deliver a broad range of beneficial socio-economic
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Renewable energy statistics 2023
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2023 provides datasets on power-generation
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World energy transitions outlook 2023: 1.5°C pathway, Volume 1
<p>The International Renewable Energy Agency (IRENA) has released its World Energy Transitions Outlook (WETO) 2023, emphasizing the urgent need for a significant increase in renewable power capacity. The report highlights the importance of tripling annual renewable power additions by 2030 to stay on track with the 1.5°C climate target set by the Paris Agreement.</p>
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Innovation landscape for smart electrification: decarbonising end-use sectors with renewable power
Electrifying the use of energy in industry, transport and buildings with renewables is a cost-effective way to decarbonise end-use sectors, increase security of supply, reduce dependency of imported fossil
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The cost of financing for renewable power
The cost of capital (CoC) for renewable power generation technologies is a major determinant of the total price to purchasers of renewable electricity. Both reliable data, and a deep understanding of the
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Low-cost finance for the energy transition
The need to scale up the deployment of technologies such as green hydrogen, energy storage and offshore wind has become increasingly critical to the success of the global energy transition and to meeting