Global Average Solar LCOE Reached $0.043/kWh in 2024, Says IRENA

Solar Energy Remains the Most Cost-Competitive Source Worldwide According to the International Renewable Energy Agency (IRENA), the global average Levelized Cost of Electricity (LCOE) for utility-scale solar PV dropped to $0.043 per kilowatt-hour (kWh) in 2024, reaffirming solar energy’s dominance as the world’s most affordable electricity source. IRENA’s Key Insights from the Report IRENA’s new […]