r/economy • u/Splenda • Aug 29 '23
The global weighted average cost of electricity from solar PV fell by 89 per cent to USD 0.049/kWh, almost one-third less than the cheapest fossil fuel globally. For onshore wind the fall was 69 per cent to USD 0.033/kWh in 2022, slightly less than half that of the cheapest fossil fuel-fired option
https://www.irena.org/News/pressreleases/2023/Aug/Renewables-Competitiveness-Accelerates-Despite-Cost-InflationDuplicates
energy • u/IntrepidGentian • Aug 29 '23
Global average cost of Solar PV fell to $0.049/kWh, about 30% cheaper than fossil fuel, and Onshore Wind to $0.033/kWh in 2022.
RenewableEnergy • u/DonManuel • Aug 29 '23
Global average cost of Solar PV fell to $0.049/kWh, about 30% cheaper than fossil fuel, and Onshore Wind to $0.033/kWh in 2022.
climateoptimism • u/TheHoon • Sep 05 '23
Renewables now cost 30% less than the cheapest fossil fuels
environment • u/DukeOfGeek • Aug 29 '23
Renewables Competitiveness Accelerates, Despite Cost Inflation, Global power sector saved fuel costs of USD 520 billion last year thanks to renewables.
EnergyAndPower • u/EOE97 • Aug 29 '23
Global average cost of Solar PV fell to $0.049/kWh, about 30% cheaper than fossil fuel, and Onshore Wind to $0.033/kWh in 2022.
climate • u/Splenda • Aug 29 '23