Energy costs of renewables have fallen rapidly below those of fossil fuels, demonstrating their efficiency and competitiveness

Levelized cost of energy($/MWh)

Levelized Cost of Energy (LCOE) is measured as the total cost of building, operating, and decommissioning a power plant over its entire lifetime, divided by the total amount of electricity it is expected to produce. It provides a single, standardized figure for comparing economic viability and competitiveness of different electricity generation technologies on a consistent basis.
Source: LazardCreated with Datawrapper