Citation

Galina, Mia and Suharjo Marinda, Ahmad and Bukhori, Iksan and Sim, Kok Swee (2026) Techno-Economic Analysis of Renewable Energy Trends Based on Historical Data. International Journal on Robotics Automation and Sciences, 8 (1). p. 118. ISSN 2682-860X

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Abstract

he desire to lessen reliance on fossil fuels and combat climate change has been cited as the reason for the recent global increase in the usage of renewable technologies. This research aims to give a comprehensive techno-economic evaluation of solar and wind energy for the years 2009–2021, using four key datasets: average prices, installed capacity, and generating numbers. Python was used for data processing and visualization, and trends in energy output, capacity expansion by source, and expenses over time were analyzed. Solar and wind capacity increased dramatically between 2014 and 2020, rising from 44.56 GW to 462.44 GW and from 95.88 GW to 209.14 GW, respectively. The cost of generating has also dropped significantly: wind power now costs $29.28/MWh instead of $74.33/MWh, while solar energy now costs $23.13/MWh instead of $167.67/MWh. Also noted were seasonal changes in energy output and an uptick in demand for storage. The results strongly support the central position of solar and wind resources for a sustainable energy system and refine policy and investment guidance rationale. Addressing the remaining data gaps and the particular difficulties in growing these energy sources should be the top priorities of future initiatives.

Item Type:	Article
Uncontrolled Keywords:	Solar power, wind Power
Subjects:	T Technology > TK Electrical engineering. Electronics Nuclear engineering > TK1001-1841 Production of electric energy or power. Powerplants. Central stations
Divisions:	Faculty of Engineering and Technology (FET)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	09 Jul 2026 03:08
Last Modified:	09 Jul 2026 03:08
URII:	http://shdl.mmu.edu.my/id/eprint/16325

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