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Solar LCOE to fall 30% by 2035, says BloombergNEF

Analysis from BloombergNEF finds the levelized cost of electricity (LCOE) of a typical fixed-axis solar farm increased by 6% year-on-year in 2025 to stand at $39/MWh, but innovation and competition are expected to see costs fall by 30% through to 2035.The levelized cost of electricity (LCOE) of solar energy is set to fall 30% by 2035, according to analysis from BloombergNEF. The analyst’s Levelized Cost of Electricity 2026 report says that while…
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An analysis by BloombergNEF reveals that the levelled cost of electricity (LCOE) of a typical fixed-axis solar park increased by 6% year-on-year in 2025, to $39/MWh. However, innovation and competition are expected to reduce costs by 30% until 2035. According to a BloombergNEF analysis, the levelled cost of solar energy (LCOE) will fall by 30% by 2035.

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pv magazine International broke the news in on Monday, February 23, 2026.
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