Renewables will keep beating fossil fuels on cost

Analysts project that wind and solar will continue to get cheaper, falling further below coal and gas costs globally this decade.

Note: Shown is the levelized cost of energy, or a power plant’s lifetime costs divided by its energy production. ($/MWh)
Chart: Canary MediaSource: BNEF, RMI X-Change: Electricity 2023EmbedDownload image