The benchmark levelized cost of electricity, or LCOE, for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018.
The global solar PV market is expected to bounce back from slower growth in 2018 with a return to form in 2019 that will see double-digit growth in the range of 25% and total solar installations nearing 130 GW.
The data compiled by the International Renewable Energy Agency (IRENA) shows that two-thirds of the power capacity added around the world in 2018 was from renewables.
There is no one reason for the global decline, but it is particularly notable among young women in China and India, middle-aged men in Russia, and the elderly.
More than 680 gigawatts (GW) of new wind power is expected to come online around the globe in the next decade, more than doubling current capacity, according to new research from Wood Mackenzie Power & Renewables.
In 2018, 42% of the world’s coal-fired power stations are running at a loss and by 2030, in virtually every case (96%) it will be cheaper to build new renewable energy capacity than to keep coal plants running, according to a new study.
The Social Progress Index measures 51 social and environmental indicators to create a clearer picture of what life is really like for everyday people.
The capital expenditure for constructing these plants totalled USD 2.3 trillion (EUR 1.99tr), while the next 1 TW of capacity will cost 46% less.
The report, launched today, finds that there are currently 51 carbon pricing initiatives around the world, consisting of 25 emissions trading schemes and 26 carbon taxes.
More than half a million jobs around the world were created in the renewable energy sector in 2017, bringing the total number of people employed in the sector to more than 10 million for the first time
