Levelised Cost of Electricity: DFID 28 priority countries
- Department for International Development
- 1 January 2015
- Uganda, India, Kenya, Malawi, South Africa Zimbabwe, Zambia, Bangladesh, Tanzania, Mozambique, Ghana, Nepal, Pakistan, Congo (Democratic Republic), Rwanda, Nigeria, Sudan, Sierra Leone, Ethiopia, Kyrgyzstan, Afghanistan, Tajikistan, Liberia, Somalia, and Yemen
- Document Type:
- Research Paper
- Social Change
- Mills, L., Henbest, S., Orlandi, I., Pathania, R., and Serhal, A.
The levelised cost of electricity (LCOE) is a common metric for comparing power generating technologies. We assess the LCOE for the UK Department of International Development's (DFID) 28 priority countries using a life-cycle project finance model, building country- and technology-specific input data for capital, operational and finance costs, according to data availability. This analysis suggests that new utility-scale wind and solar photovoltaic are, in most cases, more expensive than coal and gas-fired power in DFID's 28 priority countries. This is mainly due to a lack of experience in developing, building and financing renewable projects. While wind and solar technology will continue to get cheaper with technology innovation in manufacturing, further deployment is critical to build supply chains, reduce balance of plant and operating costs, and put downward pressure on technology and counterparty risk that currently results in high costs for commercial finance.
Henbest, S.; Mills, L.; Orlandi, I.; Serhal, A.; Pathania, R. Levelised Cost of Electricity: DFID 28 priority countries. (2015) 21 pp.
Published: 1 January 2015
Country: Uganda India Kenya Malawi South Africa Zimbabwe Zambia Bangladesh Tanzania Mozambique Ghana Nepal Pakistan Congo (Democratic Republic) Rwanda Nigeria Sudan Sierra Leone Ethiopia Kyrgyzstan Afghanistan Tajikistan Liberia Somalia Yemen
Document Type: Research Paper
Theme: Social Change
Authors: Mills, L. Henbest, S. Orlandi, I. Pathania, R. Serhal, A.