Journal Article

FZJ-2023-02637

http://join2-wiki.gsi.de/foswiki/pub/Main/Artwork/join2_logo100x88.png Global LCOEs of decentralized off-grid renewable energy systems

Weinand, J. M. (Corresponding author)FZJ* ; Hoffmann, M.FZJ* ; Göpfert, J.FZJ*RWTH* ; Terlouw, T. ; Schönau, J.FZJ* ; Kuckertz, P.FZJ* ; McKenna, R. ; Kotzur, L. ; Linßen, J.FZJ* ; Stolten, D.FZJ*RWTH*

2023
Elsevier Science Amsterdam [u.a.]

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Please use a persistent id in citations: doi:10.1016/j.rser.2023.113478  doi:10.34734/FZJ-2023-02637

Abstract: 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, most likely due to cost reductions in renewable energy and storage technologies. This review identifies and discusses seven key reasons why LCOEs are frequently overestimated or underestimated in research, and how this can be prevented in the future. This overview can be employed to verify findings on off-grid systems, to assess where these systems might be deployed and how costs evolve.

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Contributing Institute(s):

1. Technoökonomische Systemanalyse (IEK-3)

Research Program(s):

1. 1111 - Effective System Transformation Pathways (POF4-111) (POF4-111)
2. 1112 - Societally Feasible Transformation Pathways (POF4-111) (POF4-111)
3. 110 - Energiesystemdesign (ESD) (POF4-100) (POF4-100)

Appears in the scientific report 2023

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Database coverage:
; ; ; Clarivate Analytics Master Journal List ; Current Contents - Engineering, Computing and Technology ; Ebsco Academic Search ; Essential Science Indicators ; IF >= 15 ; JCR ; Nationallizenz ; SCOPUS ; Science Citation Index Expanded ; Web of Science Core Collection

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