Renewable projects cheaper than fossil-fuel plants

More than 90% of utility-scale renewable projects commissioned in 2025 delivered power below the cost of the cheapest new fossil-fuel plant built in their market.

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APA

IRENA. (2025). Renewable power generation costs in 2025. Retrieved September 15, 2026, from https://www.irena.org/Publications/2026/Jul/Renewable-Power-Generation-Costs-in-2025. Via StatOrigin, https://statorigin.org/stat/stat_FT834CVRA6GXGS3DYA65SRNE72

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MLA

IRENA. "Renewable power generation costs in 2025." 2025, https://www.irena.org/Publications/2026/Jul/Renewable-Power-Generation-Costs-in-2025. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_FT834CVRA6GXGS3DYA65SRNE72.

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Chicago

IRENA. "Renewable power generation costs in 2025." 2025. https://www.irena.org/Publications/2026/Jul/Renewable-Power-Generation-Costs-in-2025. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_FT834CVRA6GXGS3DYA65SRNE72.

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BibTeX

@misc{irena2025renewablesrne72, author = {{IRENA}}, title = {Renewable power generation costs in 2025}, year = {2025}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_FT834CVRA6GXGS3DYA65SRNE72}, note = {Original source: https://www.irena.org/Publications/2026/Jul/Renewable-Power-Generation-Costs-in-2025. Accessed September 15, 2026.} }

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Record last modified 17 September 2026. Value type: actual. Update cadence: annual. This page is permanently addressable at statorigin.org/stat/stat_FT834CVRA6GXGS3DYA65SRNE72.