Renewable Power Generation Costs in 2020

From the article:

* Costs for electricity from utility-scale solar photovoltaics (PV) fell 85% between 2010 and 2020.

* In 2020, the global weighted-average levelised cost of electricity (LCOE) from new capacity additions of onshore wind declined by 13%, compared to 2019.

* Over the same period, the LCOE of offshore wind fell by 9% and that of utility-scale solar photovoltaics (PV) by 7%.

* 800 GW of existing coal-fired capacity has operating costs higher than new utility-scale solar PV and onshore wind, including USD 0.005/kWh for integration costs. Replacing these coal-fired plants would cut annual system costs by USD 32 billion per year and reduce annual CO2 emissions by around 3 Gigatonnes of CO2.