IRENA: Global Renewable Energy Prices Will Be Competitive With Fossil Fuels by 2020

By [email protected] As the calendar inches into 2018, clean energy costs keep getting closer to their projected parity with traditional fossil fuel sources.

According to a new report from the International Renewable Energy Agency (IRENA), all types of clean energy — which in IRENA’s definition includes bioenergy-for-power and hydropower — will fall within the cost range of fossil fuels in the next two years. That ushers in a “new age of renewable energy,” just in time for the new year.

“This new dynamic signals a significant shift in the energy paradigm,” said Adnan Amin, IRENA’s director-general, in a statement.

The IRENA study

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