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Daily Short
Today’s Short
Solar Power Got 90% Cheaper in 13 Years ☀️ #Shorts #LessonToday
Three takeaways
- In 2010, electricity from new utility-scale solar farms cost about $0.46 per kilowatt-hour worldwide, roughly five times the average cost of fossil fuel power.
- By 2023 it had fallen to about $0.044 per kilowatt-hour, a 90% drop, according to the International Renewable Energy Agency (IRENA).
- The biggest driver was solar module prices, which fell more than 90% as panels got more efficient and factories scaled up.
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