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wiredInUSA - July 2016

33

INDEX

ASIA / AFRICA NEWS

A report issued by the Abu Dhabi-based

International Renewable Energy Agency

(IRENA) suggests that average costs for

electricity generated by solar and wind

technologies could decrease by between

26 percent and 59 percent by 2025.

The report, “The power to change: solar

and wind cost reduction potential to

2025”, finds that with the right regulatory

and policy frameworks in place, solar and

wind technologies could continue to see

cost reductions beyond 2025.

It estimates that, by 2025, average

electricitycosts coulddecrease59percent

for solar photovoltaic, 35 percent for

offshore wind, and 26 percent for onshore

wind, compared to 2015. Electricity prices

for concentrated solar power could

also decrease as much as 43 percent,

depending on the technology. By 2025,

the global average cost of electricity from

solar PV and onshore wind will be roughly

five to six US cents per kilowatt hour.

“We have already seen dramatic cost

decreases in solar and wind [energy] in

recent years and this report shows that

prices will continue to drop, thanks to

different technology and market drivers,”

said IRENA director-general Adnan Z Amin.

Price falls forecast

Pakistan’s ministry of water and power

announced the achievement of a

milestone when the total electricity

generation reached a record 17,272MW

for the first time in the country’s history.

It

included

6,080MW

generated

through hydroelectricity sources, while

independent power producers and

generating

companies

contributed

11,192MW.

The power peak, recorded on 18

th

June,

had quickly followed the previous highest

recorded generation of 17,120MW on 8

th

June.

On 18

th

June, at the timeof the Iftar evening

meal, around 98 percent of urban areas

and over 90 percent of rural areas were

provided with power.

A government press release stated that

with a large number of power generation

and

transmission

projects

under

construction, the country should see an

end to power load shedding by 2018.

Peak power?