India Becomes New Benchmark for Low-Cost Residential Rooftop Solar: IRENA
According to IRENA majority of new renewables undercut the cheapest fossil fuel on cost, and two-third of these savings will come from onshore wind, followed by hydropower and solar PV
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The latest report by the International Renewable Energy Agency (IRENA) shows that the trend of falling cost of solar and wind power continued despite the impact of the pandemic globally. In all, 162 GW or 62% of the total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
Rahul Nair
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