Global average LCOE of solar PV 2010-2021

Published by Lucía Fernández, Feb 8, 2023
Between 2010 and 2021, the weighted average levelized cost of electricity (LCOE) for solar photovoltaics (PV) saw a continual annual decline, reaching 0.05 U.S. dollars per kilowatt-hour in the latter year. In comparison to a decade earlier, this represented a drop of approximately 88.5 percent.

Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2021 (in U.S. dollars per kilowatt-hour)

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Release date

July 2022

Region

Worldwide

Survey time period

2010 to 2021

Special properties

In 2021 U.S. dollars

Supplementary notes

Figures have been rounded.

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