Contract length for new capacity additions by region, 2019-2024

Notes

Notes: Long-term = contracts covering more than 75% of a project’s lifetime; medium-term = 50%; short-term = less than 50%. The economic lifetime assumed for onshore and offshore wind is 25 years; 20 years for solar PV; 35 years for hydropower; 30 years for bioenergy; 25 years for concentrated solar power (CSP); and 20 years for geothermal.