The Collapse in Renewable Energy Costs: What Happened and What It Means
The cost of generating electricity from wind and solar has fallen by 70–90% over the past decade, dramatically outperforming even optimistic projections from major energy agencies. These reductions reflect learning curve economics, manufacturing scale, and competitive deployment — not subsidies alone. The implications are transformative: renewable electricity is now the cheapest source of new power generation in most of the world, fundamentally changing the economics of decarbonization.