• Fig. 2. The dynamics of cost reduction for wind and solar energy
  • Fig. 3. Dynamics of investments in the development of renewable energy sources in the world
  • Fig. 1. Forecast of the growth of installed RES capacity in the world




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    Fig. 1. Forecast of the growth of installed RES capacity in the world 
    In 2018, the global weighted average LCOE for hydropower was $ 47 / MWh, wind power - 
    $ 56 / MWh, bioelectricity - $62 / MWh. For conventional plants, the value of the global weighted 
    average LCOE is in the range (49-174) USD / MW·h. The process of decreasing LCOE continues. In 
    fig. 2 shows the dynamics of the forecast for the reduction of wind and solar energy costs. 
    Fig. 2. The dynamics of cost reduction for wind and solar energy
    Renewable energy will continue to grow steadily, and by 2050 it will attract about $ 11.5 
    trillion in investments worldwide, of which 8.4 trillion will come from solar and wind energy. 
    Figure 3 shows the dynamics of the development of investments in global renewable energy 
    sources. 
    Fig. 3. Dynamics of investments in the development of renewable energy sources in the world 
    The work investigates the impact of the deployment of variable renewable energy sources on 
    the load factors and profitability of controlled technologies in the short term, as well as on their 


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    optimal capacity in the long term. Obviously, nuclear power is not renewable. However, for example, 
    in China, nuclear power is classified as renewable. This is due to the fact that the NPP has no carbon 
    footprint and the prospects for the development of technologies for its application - reactors III +, IV 
    and higher generations can provide themselves with fuel - reprocessed uranium. 
    In 2020, nuclear power provided about 11% of the world's electricity generation. As of 
    01.01.2021, 453 nuclear reactors with a total capacity of more than 397 GW were operating in 30 
    countries (after the restoration of shutdown reactors). Of these, most of the installed reactors are 
    located in developed countries of Europe, Asia and North America, with the United States and France 
    having capacities of about 100 GW and 63 GW, respectively. 
    Over the past 40 years, the share of reactors with high installed capacity utilization factors 
    (ICUF) has significantly increased. For example, currently 64% of reactors have achieved an ICUF 
    above 80% compared to 24% in 1976, while only 8% of reactors had an ICUF below 50% in 2016 
    compared to 22% in 1976. In fig. 4 shows the forecast of the installed total capacity of nuclear power 
    plants in the world and China. 

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    Fig. 1. Forecast of the growth of installed RES capacity in the world

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