Amongst the different sources of renewable electricity generation, concentrating solar power and offshore wind were the most expensive in 2022, with an average cost of 11.8 and 8.1 cents per kilowatt-hour, respectively. In contrast, onshore wind electricity generation cost an average of 3.3 cents per kilowatt-hour that year.
Average renewable electricity generation cost worldwide in 2022, by energy source
(in U.S. cents per kilowatt-hour)
Characteristic
Electricity generation cost in U.S. cents per kilowatt-hour
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IRENA. (August 29, 2023). Average renewable electricity generation cost worldwide in 2022, by energy source (in U.S. cents per kilowatt-hour) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/
IRENA. "Average renewable electricity generation cost worldwide in 2022, by energy source (in U.S. cents per kilowatt-hour)." Chart. August 29, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/
IRENA. (2023). Average renewable electricity generation cost worldwide in 2022, by energy source (in U.S. cents per kilowatt-hour). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/
IRENA. "Average Renewable Electricity Generation Cost Worldwide in 2022, by Energy Source (in U.S. Cents per Kilowatt-hour)." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/
IRENA, Average renewable electricity generation cost worldwide in 2022, by energy source (in U.S. cents per kilowatt-hour) Statista, https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/ (last visited September 20, 2024)
Average renewable electricity generation cost worldwide in 2022, by energy source (in U.S. cents per kilowatt-hour) [Graph], IRENA, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/478049/global-utility-scale-electricity-generation-cost-by-resource/