The cost of solar power generation in the world will drop by 60% in 2025

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Time of issue:2021-05-12
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(Summary description)Adnan Amin, Director-General of the World New Energy Agency (IRENA), said at a press conference entitled "New Energy Roadmap for 2030" that by 2025, the world's solar power generation costs are expected to drop by 60%.

The cost of solar power generation in the world will drop by 60% in 2025

Categories:Company news
Author:
Origin:
Time of issue:2021-05-12
Views:0

Adnan Amin, Director-General of the World New Energy Agency (IRENA), said at a press conference entitled "New Energy Roadmap for 2030" that by 2025, the world's solar power generation costs are expected to drop by 60%.

Amin said, “This year the World New Energy Agency believes that the cost of wind power generation is around US$10 per kWh... It is expected that the cost of solar power generation will be reduced by 60% by 2025. The cost of wind power generation will be both offshore and onshore. 25% reduction".

According to him, cost reduction depends on the use of new technologies, and Russia has great potential to develop new materials and power generation technologies for new energy.

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