Renewable Energy Costs to Fall 2-11% by 2025

[{"selector":"#anim-c0c7d660-b90b-4889-890d-617a4fb5ddbb","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0601e978-a1fb-43f1-a6c1-63dc2f2b01b2","keyframes":{"transform":["translate3d(-114.55696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6faaede0-92bd-49c3-8d40-855d2b0c29d4","keyframes":{"opacity":[0,1]},"delay":800,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef08fdcc-6038-4f7a-a268-7298f98445ee","keyframes":{"transform":["translate3d(-122.3301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Renewable Energy Costs to Fall 2-11% by 2025 Sunita Somvanshi

Clean power costs will drop by 2-11% in 2025, with new solar and wind farms beating coal and gas prices in global markets.

[{"selector":"#anim-f4d0284f-672b-45ea-9458-2bfb6d0d1066","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91d0aa6d-e062-49ee-9ba7-c1404e381d5f","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c356949-07db-41ce-a58e-6da6dda74abb","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32088af3-f24f-449e-a31b-dc98a479fe1b","keyframes":{"transform":["translate3d(0px, 124.43200%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da455962-aebd-4bd7-826f-9b4e609d0bf3","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - Mass Office of Energy and Environmental Affairs (CC BY-NC 2.0)

Battery storage prices plunged to $104 per megawatt-hour in 2024, expected to break the $100 barrier in 2025.

[{"selector":"#anim-e883fdeb-eba8-4860-8e7f-ded9a9e00d89","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b262091d-bef7-4a18-940b-1a013ea364b9","keyframes":{"transform":["translate3d(0px, 249.72502%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82f0f967-ac6d-48a2-9f30-f7528d8542f9","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a88a136-7983-42f8-8474-4c41d7e9f99f","keyframes":{"transform":["translate3d(0px, -111.1955%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f490575-c940-4265-a647-a59d363df3ff","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - Kecko (CC BY 2.0)

China produces clean energy tech 11-64% cheaper than other markets, pushing costs down while raising trade concerns.

[{"selector":"#anim-3d54a9da-c5e2-49c3-bb26-e41bdff08372","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e8fd067-d0e4-48c5-9bc2-9d683d0f28e1","keyframes":{"transform":["translate3d(0px, 116.58885%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a28c2d1f-a98e-4829-a579-65f2695dd52b","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-994814aa-40b1-41b0-981a-512b965e2aef","keyframes":{"transform":["translate3d(113.60759%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b835aae1-e2d6-42f2-81e8-a5ab8d58030c","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - UNDP Climate (CC BY-NC 2.0)

Solar farm expenses fell 21% globally last year, while wind and solar generation costs will decrease 4% and 2% respectively.

[{"selector":"#anim-17ba1693-0cf5-4820-9687-e17a1d714c27","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6764f87-2c86-4716-86d3-fb7e1aad768f","keyframes":{"transform":["translate3d(0px, 194.01709%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2a1da6b-263c-47c3-8430-dc97a1d1ef3d","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2deef283-dac7-441a-945e-51c3596e9216","keyframes":{"transform":["translate3d(0px, -114.48664%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-270412e9-5d11-40f1-8017-b04ecdac9a9b","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - Asian Development Bank (Flickr)

Trade barriers from US and European nations aim to protect local industries from cheap Chinese imports.

[{"selector":"#anim-f4a09f95-7781-40d4-9b95-7afbb449a5ac","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15112081-dee8-4672-bd61-6b9b866420d5","keyframes":{"transform":["translate3d(0px, 116.02864%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-513e3065-1879-4f3e-bc96-c14647d75173","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40fc07dc-097a-468b-a1fe-8fa6fe37bd3b","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c90613dd-1b68-4063-abbd-9f727e547897","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - Jan Buchholtz (CC BY-NC-ND 2.0)

Clean technology costs could fall 22-49% by 2035, despite international trade tensions.

[{"selector":"#anim-90b65c7d-a9ed-4c91-9bda-6f1b2b0b0415","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1698df23-ee9b-4ee7-914f-b8053b9d92b4","keyframes":{"transform":["translate3d(0px, 327.56127%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fcbf441-1951-433d-b930-ad7efd251f8c","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a44f090f-96fc-4ef3-887e-3884c14e7acf","keyframes":{"transform":["translate3d(0px, -114.48664%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14d3615c-81e9-4184-b912-1821c254addd","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - IRENA (CC BY-NC-ND 2.0)

China reached its 2030 renewable energy goal early, while clean power additions grew to 600 GW in 2024.

[{"selector":"#anim-4fb8c76b-4d69-4687-a5d9-e071cbbdcad6","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c832548a-1336-4078-9a74-4eb8c9a95aa6","keyframes":{"transform":["translate3d(0px, 116.02864%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a1495a7-142b-461c-bfb1-61cbed1ae502","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80f67f22-a6ad-477d-95c4-7310c6a76460","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-170a858f-498c-4851-9696-8f4136cc9052","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - Michael Kappel (CC BY-NC 2.0)

Solar and wind energy expand twice as fast in Global South compared to Global North, reshaping energy markets.

[{"selector":"#anim-4bee894f-b959-48dd-a911-335ac86a3af6","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15cd3edb-8196-45fd-b311-63634f9b2dc1","keyframes":{"transform":["translate3d(0px, 250.71511%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe9f7d3c-fc08-43c4-8f74-10aa9f7482a2","keyframes":{"opacity":[0,1]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1590827-8896-496b-bad2-64ba12d27e20","keyframes":{"transform":["translate3d(0px, -114.48664%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7357180e-f1dd-4076-be98-2e6fcec59c13","keyframes":{"opacity":[0,1]},"delay":1400,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source - UCAR (CC BY-NC 2.0)

[{"selector":"#anim-21891dc0-1e97-4aa3-a485-c5d3914bad4a","keyframes":{"opacity":[0,1]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b3c62c5-a7c1-4570-bb01-a0ff96dde49e","keyframes":{"opacity":[0,1]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b1dfad3-de66-4d58-8151-ca3789b62a99","keyframes":{"transform":["translate3d(-114.50152%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6b116f4-9766-4917-a9d0-77fec1b5956b","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17c6129f-4568-4278-b199-b27fe7e97715","keyframes":{"transform":["translate3d(115.23810%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Point Reyes Rezones 16,000 Acres, 11 Ranchers Exit, Tule Elk Thrive Learn more