IRENA Proclaims Onshore Wind Now As Affordable As Any Other Technology, Solar To Halve By 2020

IRENA Proclaims Onshore Wind Now As Affordable As Any Other Technology, Solar To Halve By 2020

A new report published by the International Renewable Energy Agency has concluded that onshore wind, hydropower, geothermal, and bioenergy-for-power projects commissioned during 2017 were largely found to be on par with fossil fuel-based electricity technologies, while solar PV costs are expected to halve by 2020. Specifically, according to the International Renewable Energy Agency (IRENA), the cost of generating power from onshore wind has fallen by 23% between 2010 and 2017, and projects are now regularly being commissioned at a levelized cost of electricity (LCOE) of USD 4 cents per kilowatt-hour (kWh), with a global weighted average of around 6 […]