Presentation Open Access
Benchmarking VRE cost assumptions with awarded renewable energy auctions – A comparative assessment of global energy scenarios
Klein, Martin;
Xiao, Mengzhu;
Junne, Tobias
Wind and solar power play a pivotal role in deep decarbonization pathways. However, energy scenario studies differ substantially in the absolute and relative contribution of these technologies, as the technology choice in model assessments depends strongly on the choice of certain techno-economic parameters. In this presentation we systematically compare cost assumptions for variable renewable energy sources (VRE) in global energy scenarios with recent remuneration levels determined via market-based auction mechanisms. Our results indicate that the rapid cost decline of renewables has been structurally underestimated and suggest that many current studies refer to obsolete or very conservative literature values and status-quo bias, potentially significantly underestimating future deployment levels of VRE and their decarbonization potentials.
| Name | Size | |
|---|---|---|
|
18-09-25 - ESS Conference Klein Renewable Cost Assumptions.pdf
md5:fb306839a44a2c6aece1cc5b96652cd5 |
969.1 kB | Download |
| All versions | This version | |
|---|---|---|
| Views | 497 | 497 |
| Downloads | 319 | 319 |
| Data volume | 309.1 MB | 309.1 MB |
| Unique views | 426 | 426 |
| Unique downloads | 265 | 265 |
- Publication date:
- September 25, 2018
- DOI:
-
- Keyword(s):
- Energy Renewable Energy Energy Scenarios Auctions Cost Assumptions
- Meeting:
- Energy Scenarios Conference, Karlsruhe, 24 - 25 September 2018 (Session C2)
- Communities:
- License (for files):
- Creative Commons Attribution Non Commercial No Derivatives 4.0 International