Global LCOEs of decentralized off-grid renewable energy systems
Fuente:
arXiv
Saved in:
| Main Authors: | , , , , , , , , , |
|---|---|
| Format: | Preprint |
| Published: |
2022
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866911596833406976 |
|---|---|
| author | Weinand, Jann Michael Hoffmann, Maximilian Göpfert, Jan Terlouw, Tom Schönau, Julian Kuckertz, Patrick McKenna, Russell Kotzur, Leander Linßen, Jochen Stolten, Detlef |
| author_facet | Weinand, Jann Michael Hoffmann, Maximilian Göpfert, Jan Terlouw, Tom Schönau, Julian Kuckertz, Patrick McKenna, Russell Kotzur, Leander Linßen, Jochen Stolten, Detlef |
| contents | Recent global events emphasize the importance of a reliable energy supply. One way to increase energy supply security is through decentralized off-grid renewable energy systems, for which a growing number of case studies are researched. This review gives a global overview of the levelized cost of electricity (LCOE) for these autonomous energy systems, which range from 0.03 \$_{2021}/kWh to over 1.00 \$_{2021}/kWh worldwide. The average LCOEs for 100% renewable energy systems have decreased by 9% annually between 2016 and 2021 from 0.54 \$_{2021}/kWh to 0.29 \$_{2021}/kWh, presumably due to cost reductions in renewable energy and storage technologies. Furthermore, we identify and discuss seven key reasons why LCOEs are frequently overestimated or underestimated in literature, and how this can be prevented in the future. Our overview can be employed to verify findings on off-grid systems, to assess where these systems might be deployed and how costs evolve. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2212_12742 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | Global LCOEs of decentralized off-grid renewable energy systems Weinand, Jann Michael Hoffmann, Maximilian Göpfert, Jan Terlouw, Tom Schönau, Julian Kuckertz, Patrick McKenna, Russell Kotzur, Leander Linßen, Jochen Stolten, Detlef General Economics Economics Recent global events emphasize the importance of a reliable energy supply. One way to increase energy supply security is through decentralized off-grid renewable energy systems, for which a growing number of case studies are researched. This review gives a global overview of the levelized cost of electricity (LCOE) for these autonomous energy systems, which range from 0.03 \$_{2021}/kWh to over 1.00 \$_{2021}/kWh worldwide. The average LCOEs for 100% renewable energy systems have decreased by 9% annually between 2016 and 2021 from 0.54 \$_{2021}/kWh to 0.29 \$_{2021}/kWh, presumably due to cost reductions in renewable energy and storage technologies. Furthermore, we identify and discuss seven key reasons why LCOEs are frequently overestimated or underestimated in literature, and how this can be prevented in the future. Our overview can be employed to verify findings on off-grid systems, to assess where these systems might be deployed and how costs evolve. |
| title | Global LCOEs of decentralized off-grid renewable energy systems |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2212.12742 |