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86% of New Clean Power Capacity Cheaper Than Fossil Fuels in 2023: IRENA

Solar and wind power led the way as the year saw significant cost reductions for green energy

September 26, 2024

/ Gautamee Hazarika
/ Markets & Policy, Renewable Energy
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Renewable energy costs have decreased in 2023, making clean energy sources more economically viable than fossil fuels. This reflects the broader progress in the global transition toward renewable energy, according to the International Renewable Energy Agency’s (IRENA) 2023 annual report.

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Gautamee Hazarika

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Generation CostIRENALCOERenewable EnergySolarwind
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