![](https://www.irena.org/-/media/Irena/Images/publications/2021/Jun/IRENA_Power_Generation_Costs_2020.jpg?rev=01677df1bfca425d9caf2f5b1db72b70&w=68&h=97&as=1&bc=ffffff&cc=1&hash=4D502E492B96AD010F6A587A04FAA926)
Renewable Power Generation Costs in 2020
The new report shows 162 gigawatts (GW) or 62% of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
The new report shows 162 gigawatts (GW) or 62% of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.