IRENA report: new renewable power stays cost-competitive despite fuel crisis

Wind Industry Profile of

New IRENA report shows almost two-thirds of renewable power added in 2021 had lower costs than the cheapest coal-fired options in G20 countries.

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. ... More: Official Press Release IRENA

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IRENA, report, renewable energy, costs, fossil fuel, added, power generation, cost competitive, crisis, cheap, coal fired, GW