IRENA: Solar LCOE falls 12% year-on-year, 90% since 2010
- Admin
- Sep 26, 2024
- 4 min read
The article discusses the significant impact of solar PV and onshore wind on the tripling of renewables, with a focus on the falling cost of electricity generation from renewable sources. Key points include the decrease in the LCOE of utility-scale PV plants, the record growth in renewable power capacity in 2023, and the substantial fuel savings in the global electricity sector due to renewable power investments. The role of China in driving renewable energy capacity installations, the decline in module prices, and the economic opportunities presented by low-cost renewables are also highlighted.
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