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Average cost of solar and wind energy could fall by 59% in the next decade

by LiveModern Webmaster last modified Jun 30, 2016 01:05 AM
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by Josh Marks last modified Jun 29, 2016

A new report from the International Renewable Energy Agency (IRENA) finds that with the right policies in place, the average costs for solar and wind power could decrease by between 26 percent and 59 percent by 2025. The report, titled The Power to Change: Solar and Wind Cost Reduction Potential to 2025, concludes that technology innovations, increased competition, pressure on supply chains and economies of scale could see by 2025 average electricity costs for solar PV fall by 59 percent, offshore...






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