As emerging markets take the lead in power demand growth and renewable capacity additions, they will serve as testbeds for new technologies and market structures. Government, developer, investor, and other stakeholders discuss how transitioning economies will reform power sectors in the age of digitalization and electrification. How can they balance long-term resource adequacy and price stability with decentralized and distributed options? What level of revenue risk does an investor perceive in a newly restructured and privatized power market?
Solar and wind power costs globally have dropped rapidly during the past decade. Renewable project tender prices and feed-in tariffs are also dropping across the world. Many believe aggressive cost declines are still possible and will likely allow renewables to reach parity with conventional power very soon. How will technological development, scale of manufacturing, and local development experience build-up continue to affect costs for wind and solar? When should we expect renewable costs to become competitive with thermal generation costs? Will storage cost fall fast enough to allow system-wide costs of firm renewable power also reach parity with conventional power?