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ERA 07 · INFORMATION, LIFE & AI

16 / 19 · 2010s

Falling solar and wind costs — economics of transition

Manufacturing scale, technical improvement, policy and finance made renewables a major option for new power.
solarwindenergy transition

THE RECORD

What changed

During the 2010s, levelized costs for solar PV and onshore wind fell sharply as deployment grew.

EVIDENCE

What remains

Auction prices, capacity, supply chains and cost data document speed and regional variation.

WHY IT MATTERS

Why it matters

It widened the economic basis for replacing fossil fuels, alongside grids, storage, permitting and a just transition.

OPEN QUESTION

Where interpretation begins

Generation cost alone omits system, land, mineral and labour impacts; emissions depend on policy and demand.

SOURCE REGISTER

Read from the evidence

IRENA · Renewable power costs ↗