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IRENA: Falling renewable energy costs a wake-up call

Renewable energy has entered into a new virtuous cycle of falling costs, increasing deployment, and accelerated technological progress, a ground-breaking report by the International Renewable Energy Agency has found.

The cost of solar energy, for example, has dropped below the cost of diesel generation worldwide for communities living away from the electricity grid.

The public debate around renewable energy, however, continues to suffer from an outdated perception that renewable energy is not competitive, forming a significant and unnecessary barrier to its deployment.

Renewable Power Generation Costs in 2012: An Overview, launched during the IRENA annual Assembly and at the World Future Energy Summit in Abu Dhabi, is the most current, comprehensive analysis of the costs and performance of renewable power generation today.

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