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Global average solar LCOE stood at $0.044/kWh in 2023, says IRENA

Summary by Pv Magazine International
The International Renewable Energy Agency (IRENA) says the result represents a 12% year-on-year decline. The figure has fallen 90% since the start of 2010.The globalized weighted average levelized cost of electricity (LCOE) of utility-scale solar plants stood at $0.044/kWh in 2023, according to a report from the International Renewable Energy Agency (IRENA). The report says the result represents a 12% year-on-year (YoY) decrease, compared to a 3…

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