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Cost & ScheduleDecember 202415 min readInteractive analysis
IRENA data note
Renewable Power Generation Cost in 2024: Source IRENA
An interactive analysis of the latest cost trends in renewable energy technologies based on IRENA's comprehensive 2024 report. Explore how Solar PV achieved 90% cost reduction, making it one of the most competitive renewable technologies.
Duc Hoang, PMP
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December 202420 min read
Renewable Power Generation Cost in 2024
An comprehensive interactive analysis of renewable energy cost trends with advanced data visualizations based on IRENA's 2024 report
Source: IRENA (International Renewable Energy Agency)•Data Year: 2024
Biggest Cost Reduction
Solar PV
90% LCOE reduction since 2010
Most Competitive
Onshore Wind
$0.034/kWh in 2024
Highest Capacity Factor
Geothermal
88% capacity factor
LCOE Comparison (2010 vs 2024)
Cost per kWh in USD
Cost Reduction Distribution
Percentage reduction in LCOE since 2010
This comprehensive analysis is based on data from the International Renewable Energy Agency (IRENA) 2024 report on renewable power generation costs.
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