Between 2010 and 2022, 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 89 percent.
Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022
(in U.S. dollars per kilowatt-hour)
Characteristic
Average costs in U.S. dollars per kilowatt-hour
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IRENA. (August 29, 2023). Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022 (in U.S. dollars per kilowatt-hour) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
IRENA. "Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022 (in U.S. dollars per kilowatt-hour)." Chart. August 29, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
IRENA. (2023). Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022 (in U.S. dollars per kilowatt-hour). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
IRENA. "Weighted Average Levelized Cost of Electricity (Lcoe) for Solar Pv Worldwide from 2010 to 2022 (in U.S. Dollars per Kilowatt-hour)." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/
IRENA, Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022 (in U.S. dollars per kilowatt-hour) Statista, https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/ (last visited September 01, 2024)
Weighted average levelized cost of electricity (LCOE) for solar PV worldwide from 2010 to 2022 (in U.S. dollars per kilowatt-hour) [Graph], IRENA, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/506824/weighted-average-lceo-of-utility-scaled-solar-photovoltaics-worldwide/