Onshore wind and solar PV delivered cost of energy drops of a further 8.5% and 12% respectively in 2018, according to latest data from the International Renewable Energy Agency (Irena).
The fall on 2017’s level means onshore wind projects came in at a globally weighted average of $55/MWh and PV $88/MWh, said Irena, which monitors a database of 17,000 projects in 150 countries.
