4th Growth and Resilience Dialogue with Social Partners Presentation

Given abundant resources, renewable energy has rightly been identified as a solution towards sustainability and resilience as well as growth in jobs and the economy.

Solar Photo-Voltaic (PV) competitive with fossil fuel with prices between 1.7-4.5$/kWh

Solar PV + storage (*) Power Purchase Agreement (PPA) prices between 1.9-8$/kWh

(*) The size of the bubble indicates storage capacity of the plant (MWh). (**) Nevada has lowest PPA at 2.3$/kWh, storage capacity to be confirmed.

In comparison to above PPA prices reached through competitive selection, in 2019 Bangladesh achieved a price of 10$c/kWh through bilateral negotiations and Vietnam achieved a price of 9.35$c/kWh through Feed-in-Tariffs (FiT).