Solar power prices have dropped by over 89% in the last 10 years
Idea to Value
JANUARY 20, 2021
In 2019, a Megawatt Hour of coal power costs on average $109, whereas a Megawatt Hour costs just $68 for Solar Photovoltaic (down from $359 over 10 years ago) and $53 for Onshore Wind. Competition from more entrants into the market as it gains profitability encourages a drive to continue innovating.
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