Utility solar dethrones coal as the cheapest power source in Asia
Baua Electric
FEBRUARY 29, 2024
China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets. Solar is cheapest and falling The significant drop in solar power costs, by 23% in 2023, signals the end of supply chain disruptions and inflationary pressures.
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