10.5281/zenodo.1435842
https://zenodo.org/records/1435842
oai:zenodo.org:1435842
Klein, Martin
Martin
Klein
0000-0001-7283-4707
German Aerospace Center (DLR), Department Energy Systems Analysis
Xiao, Mengzhu
Mengzhu
Xiao
German Aerospace Center (DLR), Department Energy Systems Analysis
Junne, Tobias
Tobias
Junne
0000-0002-1576-8069
Benchmarking VRE cost assumptions with awarded renewable energy auctions – A comparative assessment of global energy scenarios
Zenodo
2018
Energy
Renewable Energy
Energy Scenarios
Auctions
Cost Assumptions
2018-09-25
eng
Presentation
10.5281/zenodo.1435841
https://zenodo.org/communities/energy-systems-analysis
Creative Commons Attribution Non Commercial No Derivatives 4.0 International
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.