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Home » News » Solar » Global Renewable Energy Costs Hit Record Lows in 2025, Wood Mackenzie Says
Solar

Global Renewable Energy Costs Hit Record Lows in 2025, Wood Mackenzie Says

By James AndersonOctober 24, 20252 Mins Read
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The global levelised cost of electricity (LCOE) for renewable energy reached record lows in 2025, with single-axis tracker solar photovoltaic (PV) systems achieving the world’s lowest regional price of US$37 per megawatt-hour (MWh) (€35/MWh) in the Middle East and Africa, research firm Wood Mackenzie said in a new report. Solar PV continues to lead as

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