RE: 91% of projects commissioned in 2024 more profitable than fossil fuel alternatives (Irena)

News Tank Transitions - Bruxelles - News #406624 - Published on 23/07/25 at 15:15
©  Irena
©  Irena

Onshore wind is 53% cheaper than the cheapest fossil alternatives in 2024 and solar PV is on average 41% cheaper, according to Irena's "Renewable electricity production costs in 2024" report published on 22/07/2025.

At $0.034/kWh, onshore wind is the most affordable source of renewable electricity, ahead of solar PV ($0.043/kWh) and new hydro...

©  Irena
©  Irena

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