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91% of New Renewable Projects Are Already Cheaper than Fossils

Summary by OKDIARIO
The total installed costs of renewable energy decreased by more than 10% for all technologies between 2023 and 2024, except for marine wind energy, where they remained relatively stable, and bioenergy, where they increased by 16%, all demonstrating competitiveness against fossils.However, the combination of capacity factors, market share and financing costs led to a slight increase in the levelled cost of electricity (LCOE) for some technologies…
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The total installed costs of renewable energy decreased by more than 10% for all technologies between 2023 and 2024, except for marine wind energy, where they remained relatively stable, and bioenergy, where they increased by 16%, all demonstrating competitiveness against fossils.However, the combination of capacity factors, market share and financing costs led to a slight increase in the levelled cost of electricity (LCOE) for some technologies…

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OKDIARIO broke the news in on Thursday, July 31, 2025.
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