Costs of clean energy technologies dropped since last year

Wind Industry Profile of

The costs of wind power and battery energy storage projects have come down from levels seen in 2022, at the height of global supply chain constraints and the impacts of the Ukraine war.

The industry still faces challenges as central banks continue to raise rates and some clean energy manufacturers are not yet passing cost savings on to buyers, but the last few years of turmoil have been an exception to otherwise consistent project cost declines over a longer time period according to the latest analysis by research company BloombergNEF (BNEF). Over the last six months, the costs of new-build offshore wind and storage projects have fallen by a respective 2% and 12% and the global benchmark costs for onshore wind are down 6% over the last 12 months, but remain unchanged... ... More: Official Press Release BNEF

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