Renewable Power Generation Costs in 2020
The new report shows 162 gigawatts (GW) or 62% of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
The new report shows 162 gigawatts (GW) or 62% of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
IRENA’s latest global cost study shows solar and wind power reaching new price lows. The report highlights cost trends for all major renewable electricity sources.
IRENA's latest global cost study shows how the competitiveness of renewables continued amid the fossil fuel crisis and highlights cost trends for major renewable electricity sources.
This study presents options to speed up the deployment of wind power, both onshore and offshore, until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.