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Solar Achieves World’s Lowest LCOE of $37/MWh in MENA...
07 Nov, 2025 07:51 183 min read
The global levelized cost of electricity from renewables is declining, with the MENA region leading at a record-low solar PV cost of $37/MWh and predicting costs as low as $17/MWh by 2060. Asia shows a wide cost range for solar, while onshore wind remains competitive. Europe and Latin America have also seen significant cost reductions due to factors like lower capital expenses, and North America anticipates similar decreases despite near-term challenges.... More