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81% Of Renewables Offer Cheaper Energy Than Fossil Fuels, Report Says

26 Sep 2024 | Abstracted from Forbes

"Fossil-fuel prices rose in 2023 to 10 cents/kWh...new nuclear has been estimated to cost as much as 25-30 cents/kWh...The rising competitiveness of renewables in comparison to fossil fuels is driving extensive deployment of (renewables)...The world added 473 gigawatts of renewable energy capacity last year...four-fifths of it produces power more cheaply than fossil fuels do...global average cost of electricity from onshore wind fell to 3.3 cents...utility-scale solar photovoltaic fell to 4.4 cents/kWh..."

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