Utility-Scale PV | Electricity | 2024 | ATB | NLR
Future year projections are derived from bottom-up benchmarking of PV CAPEX and bottom-up engineering analysis of O&M costs. The year 2023 reflects the most recent historical data, derived
Future year projections are derived from bottom-up benchmarking of PV CAPEX and bottom-up engineering analysis of O&M costs. The year 2023 reflects the most recent historical data, derived
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are
In 2024, solar photovoltaics (PV) were on average 41% cheaper than the lowest-cost fossil fuel alternatives, while onshore wind was 53% cheaper. Onshore wind also remained the
It presents the plant-level costs of generating electricity for both baseload electricity generated from fossil fuel and nuclear power stations, and a range of renewable generation –
Renewables continue to prove themselves as the most cost-competitive source of new electricity generation. On an LCOE basis, 91% of newly commissioned utility-scale renewable capacity
The costs shown in Table 1, except as noted below, are the costs for a typical facility for each generating technology before adjusting for regional cost factors.
This chart shows the levelized cost of energy generation by source (in U.S. dollar per MWh).
As per the 2021 analysis of Solar Power Generation Costs in Japan, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW,
Comprehensive 2025 guide to renewable energy costs. Compare solar, wind, and clean energy pricing vs fossil fuels. Includes latest LCOE data, trends, and projections.
Historical photovoltaic cost data between 1975 and 2003 has been taken from Nemet (2009), and between 2004 and 2009 from Farmer & Lafond (2016). From 2010 onward, prices come
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