A narrow focus on the monetary value of yearly renewables investments is masking the “remarkable” improvement in value for money that has accompanied the sharp decline in solar photovoltaic (PV) and onshore wind costs since 2010. International Renewable Energy Agency (Irena) senior analyst Michael Taylor emphasised this point during a webinar this week hosted to outline the findings of the agency’s recently released ‘Renewable Power Generation Cost in 2019’ report, which confirmed ongoing cost declines last year.
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