Percentage change in global renewable LCOE by source 2010-2018

The levelized cost of electricity (LCOE) has decreased considerably between 2010 and 2018 for several utility-scale renewable electricity generation technologies, such as solar photovoltaics, with a decrease of around 77 percent during this period. On the other hand, geothermal electricity generation costs increased by 50 percent between 2010 and 2018.

Change in the levelized cost of electricity from utility-scale renewable power generation worldwide between 2010 and 2018, by source*

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Sources

Release date

November 2019

Region

Worldwide

Survey time period

2010 to 2018

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Statistics on "Global energy prices"

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