Average costs for solar and wind electricity could fall 59% by 2025

By Michelle Froese Renewable Energy
The average costs for electricity generated by solar and wind technologies could decrease by between 26% and 59% by 2025, according to a report released today by the International Renewable Energy Agency (IRENA).
The report, The Power to Change: Solar and Wind Cost Reduction Potential to 2025, finds that with the right regulatory and policy frameworks in place, solar and wind technologies can continue to realize cost reductions to 2025 and beyond.
It estimates that by 2025, average electricity costs could decrease 59% for solar photovoltaics (PV), 35% for offshore wind, and 26% for onshore wind compared to 2015. By 2025,

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