Significant Decline in Solar and Wind Energy Production Costs Since 2010
Global average energy production cost, or levelized cost of electricity (LCOE), in USD per kilowatt-hour (kWh)
These graphs show the global average energy production cost in USD per kilowatt-hour (kWh). This data measures solar photovoltaic, concentrated solar power, offshore wind and onshore wind between 2010 and 2022. There has been a significant decline in solar and wind energy in the last decade.