...

Bioenergy projects' cost, capacity down in 2021, IRENA says

Economy Materials 15 July 2022 13:00 (UTC +04:00)
Bioenergy projects' cost, capacity down in 2021, IRENA says
Maryana Ahmadova
Maryana Ahmadova
Read more

BAKU, Azerbaijan, July 15. The global weighted average capacity factor for bioenergy projects from 2010 through 2021 ranged from the lowest of 64 percent in 2012, and the highest of 86 percent in 2017, dropping to 68 percent in 2021, Trend reports via the latest publication from the International Renewable Energy Agency (IRENA).

“Capacity factors for bioenergy plants are very heterogeneous, depending on technology and feedstock availability,” the report said.

According to the IRENA, the global average cost of bioenergy for power projects decreased from $0.078 per kWh in 2010 to $0.067 per kWh in 2021.

"This was still a figure at the lower end of the cost of electricity from new, fossil fuel-fired projects," the report said.

For bioenergy projects newly commissioned in 2021, the global weighted average total installed cost was $2,353 per kW, which is a decrease, compared to $2,634 per kW in 2020.

“Bioenergy for electricity generation offers a suite of options, spanning a wide range of feedstocks and technologies. Where low-cost feedstocks are available – such as by-products from agricultural or forestry processes onsite – they can provide highly competitive, dispatchable electricity,” the report noted.

---

Follow the author on Twitter: @mariiiakhm

Tags:
Latest

Latest