Breakdown of utility-scale solar PV total installed costs in G20 countries, 2018
Released just before UNFCCC's COP25 IRENA's report reveals the latest cost trends for each of the main renewable power generation technologies.
The report finds that the global weighted-average cost of electricity declined 26% year-on-year for concentrated solar power (CSP), followed by bioenergy (-14%), solar photovoltaic (PV) and onshore wind (both -13%), hydropower (-12%), geothermal and offshore wind (both -1%).
Along with reviewing cost trends, the report analyses cost components in detail based on analysis of around 17 000 renewable power generation projects.
Source: Renewable Power Generation Costs in 2018 , IRENA, 2019
