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Generating electricity from solar is 21% cheaper than from domestic coal
A report by Ember analyzing electricity generation costs in Türkiye, finding that solar energy is now the cheapest source of electricity in the country, with costs significantly lower than those of domestic coal power plants.
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Document type: Report
$8.7 billion coal subsidy contradicts Türkiye's renewable goals
This report by Ember analyzes the financial implications of Türkiye's decision to provide purchase guarantees for domestic coal power plants until 2030. It argues that the $8.7 billion allocated for these subsidies contradicts the country's renewable energy goals, as solar power has become the cheapest source of electricity generation in Türkiye. The report suggests that redirecting these funds toward grid modernization and removing bureaucratic barriers to diverse solar applications could help Türkiye achieve its 2035 target of 120 GW of installed wind and solar capacity.
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Document type: Report
Solar electricity every hour of every day is here and it changes everything
This report by Ember analyzes the technical and economic feasibility of achieving 24-hour solar electricity generation using solar panels paired with battery storage. It demonstrates that in sunny regions, near-continuous solar power is now cost-competitive, often cheaper than new coal or nuclear power, due to rapid declines in battery costs and the adoption of Lithium Iron Phosphate (LFP) technology.
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Document type: Report
COAL COST CROSSOVER 2.0
The report 'COAL COST CROSSOVER 2.0' analyzes the economic viability of the United States coal fleet compared to new wind and solar energy. It finds that a vast majority of existing coal capacity is now more expensive to operate than building new nearby renewable projects, a trend that is accelerating faster than previous forecasts.
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Document type: Report
The role of geothermal and coal in Kenya's electricity sector
This research paper by the NewClimate Institute compares geothermal and coal power generation in Kenya, evaluating their impacts on costs, affordability, reliability, and sustainable development. The study finds that geothermal energy is significantly more cost-effective, creates more domestic employment, and has far lower environmental and health impacts than the proposed coal plants in Lamu and Kitui.
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Document type: Research paper
THE COAL COST CROSSOVER: ECONOMIC VIABILITY OF EXISTING COAL COMPARED TO NEW LOCAL WIND AND SOLAR RESOURCES
This report analyzes the economic viability of existing U.S. coal-fired power plants compared to new local wind and solar resources. It finds that a significant portion of the U.S. coal fleet is now more expensive to operate than it would be to replace with new renewable energy located within 35 miles of the plants.
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Document type: Report
Tunisia: Derisking Renewable Energy Investment
This report by the NewClimate Institute analyzes how public derisking instruments can reduce the cost of capital and levelized cost of electricity (LCOE) for utility-scale wind and solar PV projects in Tunisia to help meet the targets of the Tunisian Solar Plan (TSP).
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Document type: Report
India's Energy Transition: The Impact of the Goods and Services Tax on Solar Photovoltaic and Coal Power Costs
This briefing by the International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW) analyzes how the introduction of the Goods and Services Tax (GST) in India affected the costs and subsidies of solar photovoltaic (PV) and coal-fired thermal power. The analysis finds that the GST has created a relative bias in favor of coal by increasing the levelized cost of electricity (LCOE) for new solar PV plants while reducing variable costs for existing coal plants.
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Document type: Briefing
Évaluation des actifs durables (SAVi) du parc éolien de Taïba N’Diaye au Sénégal
This fact sheet describes a Sustainable Asset Valuation (SAVi) assessment of the Taïba N’Diaye wind farm in Senegal, commissioned by the Bureau Opérationnel du Suivi (BOS) of Plan Émergent Sénégal. The analysis compares the wind farm's financial and societal performance against coal and heavy fuel oil (HFO) power generation, incorporating climate risks and external effects that are typically omitted from traditional financial analyses.
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Document type: Fact sheet
Understanding Renewable Energy Cost Parity
This World Resources Institute fact sheet provides a framework for comparing the cost-effectiveness of renewable energy options against traditional electricity supply, emphasizing that accuracy depends on the perspective of the comparison and the specific supply options considered.
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Document type: Fact sheet