Sawyer Merritt(@SawyerMerritt):Solar and wind with battery storage has become a lot more cost competitive, a new IRENA report shows. • $54–$82/MWh today (down from >$100 in 2020) • New coal in China costs $70–85/MWh and new gas capacity costs more than $100/MWh globally Since 2010, total installed costs declined by 87% for solar PV and by 55% for onshore wind. Battery storage costs fell even more sharply, declining by ⁠93%.

Sawyer Merritt

@SawyerMerritt

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Sawyer Merritt@SawyerMerritt

2026.05.06 14:34

Solar and wind with battery storage has become a lot more cost competitive, a new IRENA report shows. • $54–$82/MWh today (down from >$100 in 2020) • New coal in China costs $70–85/MWh and new gas capacity costs more than $100/MWh globally Since 2010, total installed costs declined by 87% for solar PV and by 55% for onshore wind. Battery storage costs fell even more sharply, declining by ⁠93%.

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