IRENA says in its new “Renewable Power Generation Costs in 2022” report that the LCOE for large-scale PV facilities fell by 3% year on year in 2022 to $0.049/kWh.
IRENA says that China drove the global decrease in solar and onshore wind costs in 2022, while other markets had more varied outcomes, including higher costs in several important markets.
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IRENA also noted that while PV was 710% pricier than the least expensive fossil fuel-powered solution in 2010, by 2022, it had become 29% cheaper than the least expensive fossil fuel-powered option.
pv magazine print edition
In the latest, “In Conversation” issue of pv magazine we talk to a range of people about their experience with solar, from a sailor and a pair of overland adventurers to a mountain climber and more besides. We also focus on Africa to consider why a continent with such vast solar resource still lags more developed economies when it comes to widespread PV and energy storage rollout.
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