Renewable Projects Remain Cost-Competitive Through 2021 Amid Fuel Crisis
Renewable power added in 2021 will save around $55 billion of global energy generation costs in 2022
July 20, 2022
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Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices were yet to impact project costs fully. The cost of electricity from onshore wind fell by 15%, offshore wind by 13%, and solar by 13% compared to 2020.
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Arjun Joshi
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