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It is now cheaper to build a new solar or wind farm to meet rising electricity demand or replace a retiring generator, than it is to build a new fossil fuel-fired power plant. ... On a cost basis, wind and solar is the best economic choice in markets where firm generation resources exist and demand is growing."
13 lip 2022 · The global weighted average levelised cost of electricity (LCOE) of new onshore wind projects added in 2021 fell by 15%, year‑on‑year, to USD 0.033/kWh, while that of new utility-scale solar PV fell by 13% year-on-year to USD 0.048/kWh and that of offshore wind declined 13% to USD 0.075/kWh.
The average cost per unit of energy generated across the lifetime of a new power plant. This data is expressed in US dollars per kilowatt-hour. It is adjusted for inflation but does not account for differences in the cost of living between countries.
The 12th annual Cost of Wind Energy Review, now presented as a slide deck, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.
For newly commissioned onshore wind projects, the global weighted average LCOE fell by 5% between 2021 and 2022, from USD 0.035/kWh to USD 0.033/kWh; whilst for utility‑scale solar PV projects, it decreased by 3% year-on-year in 2022 to USD 0.049/kWh.
based on IRENA (2020), Renewable Cost Database (dataset provided to the IEA). Related charts Investment in data centres in the United States, January 2014 to August 2024
In 2023, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaic (PV), onshore wind, offshore wind and hydropower fell. Between 2022 and 2023, utility-scale solar PV projects showed the most significant decrease (by 12%).
