As of 2017, fossil gas was the cheapest source of energy at 60 U.S. dollars (USD) per megawatt hour (MWh). This price steadily increased, reaching 90 USD/MWh as of 2023, making fossil gas the most expensive option for energy. While solar energy was priced at 102 USD/MWh in 2017, the price is forecasted to reach 35 USD/MWh in 2025, lowering again to 25 USD/MWh by 2028.
Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type
(in U.S. dollars per MWh)
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Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type
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Canary Media. (September 1, 2023). Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type (in U.S. dollars per MWh) [Graph]. In Statista. Retrieved April 10, 2025, from https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast
Canary Media. "Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type (in U.S. dollars per MWh)." Chart. September 1, 2023. Statista. Accessed April 10, 2025. https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast
Canary Media. (2023). Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type (in U.S. dollars per MWh). Statista. Statista Inc.. Accessed: April 10, 2025. https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast
Canary Media. "Cost of Renewable Energy versus Fossil Fuels Worldwide from 2017 to 2023 with a Forecast for 2028, by Energy Type (in U.S. Dollars per Mwh)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast
Canary Media, Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type (in U.S. dollars per MWh) Statista, https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast (last visited April 10, 2025)
Cost of renewable energy versus fossil fuels worldwide from 2017 to 2023 with a forecast for 2028, by energy type (in U.S. dollars per MWh) [Graph], Canary Media, September 1, 2023. [Online]. Available: https://www.statista.com/forecasts/1481986/cost-of-renewable-energy-versus-fossil-fuels-worldwide-forecast
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