June 3

Solar Costs Have Fallen 82% Since 2010

By Catherine Rollet

“Since 2010, the cost of energy has dropped by 82% for photovoltaic solar, by 47% for concentrated solar energy (CSP), by 39% for onshore wind and by 29% for wind offshore.”

Those remarkable price falls are quoted by the International Renewable Energy Agency (Irena) in its Renewable Power Generation Costs in 2019 report.

The figures were compiled from the costs and tariffs reported for 17,000 renewable energy project tenders last year which should eventually add up to 1.7 GW of clean power generation capacity.

Photo courtesy of David Monje.

Source: PV Magazine (link opens in a new window)

Coronavirus, Energy
renewable energy