RE Promises Major Cost Savings To Pursue Net Zero Aim

IRENA Report Claims Solar PV Power Generation Costs Dropped 7% Annually In 2020; Says Low-Cost Renewables Build Strong Business Case For World To ‘Power Past Coal’ To A Net Zero Economy

According to the IRENA report, in 2020 solar PV’s total cost came down by 7% YoY, along with other renewables, and with competitive auctions the prices are coming down further, especially for solar PV and onshore wind which undercut even the cheapest new coal option without any financial support.

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