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ENDNOTES 02 MARKET AND INDUSTRY TRENDS - WIND POWER<br />

in renewables: US small wind,” Weekly REsource, 11 March 2016;<br />

US DOE, EERE, 2013 Distributed Wind Market Report (Richland,<br />

WA: August 2014), p. v.<br />

166 25x’25, op. cit. note 165; United Wind, “United Wind closes $8M<br />

in Series B funding,” press release (Brooklyn, NY: 7 March 2016),<br />

http://unitedwind.com/category/press-releases/. Note that BP,<br />

Shell and Repsol are other examples of global oil companies that<br />

have invested in wind energy, from FTI Consulting, op. cit. note 1,<br />

Wind Farm Owner-Operators, p. 2.<br />

167 Sidebar 3 and Table 2 data are from IRENA’s Renewable Cost<br />

Database of 15,000 utility-scale renewable power generation<br />

projects and three-quarters of a million small-scale solar PV<br />

systems. A real weighted average cost of capital of 7.5% is<br />

assumed for the OECD and China, and 10% for all other countries.<br />

For details of the other underlying assumptions and the projectlevel<br />

data for installed costs, capacity factors and levelised cost of<br />

electricity, see IRENA, Renewable Power Generation Costs in 2014<br />

(Abu Dhabi: 2015), www.irena.org/costs.<br />

02<br />

RENEWABLES 2016 · GLOBAL STATUS REPORT<br />

241

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