Renewables have become the lowest-cost source of power generation. By 2030, the global weighted average levelized cost of electricity (LCOE) for solar photovoltaics is expected to have a 58 percent reduction from 2018. The other cost-competitive source of renewable energy was offshore wind with its technological improvements in recent years.
Development of renewable energy generation costs worldwide between 2018 and 2030, by source
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IRENA. (April 15, 2020). Development of renewable energy generation costs worldwide between 2018 and 2030, by source [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/
IRENA. "Development of renewable energy generation costs worldwide between 2018 and 2030, by source ." Chart. April 15, 2020. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/
IRENA. (2020). Development of renewable energy generation costs worldwide between 2018 and 2030, by source . Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/
IRENA. "Development of Renewable Energy Generation Costs Worldwide between 2018 and 2030, by Source ." Statista, Statista Inc., 15 Apr 2020, https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/
IRENA, Development of renewable energy generation costs worldwide between 2018 and 2030, by source Statista, https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/ (last visited December 25, 2024)
Development of renewable energy generation costs worldwide between 2018 and 2030, by source [Graph], IRENA, April 15, 2020. [Online]. Available: https://www.statista.com/statistics/1200630/renewables-cost-reduction-by-source/
