Onshore wind and solar PV power are now, frequently, less expensive than any fossil-fuel option, without financial assistance.
New solar and wind installations will increasingly undercut even the operating-only costs of existing coal-fired plants.
Low and falling technology costs make renewables the competitive backbone of energy decarbonization – a crucial climate goal.
Cost forecasts for solar PV and onshore wind continue to be revised as new data emerges, with renewables consistently beating earlier expectations.