FACT CHECK #NY1L5WOH

WHAT WE FOUND

Renewable energy is currently the cheapest source of new electricity generation in most regions across the globe 2 9. As of 2025, approximately 90% of newly commissioned renewable energy projects are more cost-effective than fossil fuel alternatives 6. Reports indicate that solar and wind are the cheapest options for new generation, with solar specifically being labeled the cheapest form of electricity in history 8 12. By 2024, renewable sources accounted for more than 90% of all new electricity capacity added worldwide due to these economic advantages 13. In specific markets like the U.S., China, and Brazil, onshore wind and solar prices have dropped significantly, with solar reaching as low as $38 per megawatt-hour in China 9 11. While grid integration presents complexity challenges, the levelized cost of energy for renewables remains significantly lower than coal or gas 1 10. This shift saved an estimated $55 billion in global energy generation costs in a single year 7.

SOURCES

1. 1 · 350.orgWEB
   4 Facts That Prove Renewable Energy Is Cheaper - 350

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2. 2 · ourworldindata.orgWEB
   Why did renewables become so cheap so fast? - Our World in Data

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3. 3 · weforum.orgWEB
   Renewables Were The World's Cheapest Energy Source in 2020

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4. 4 · climatecouncil.org.auWEB
   11 countries leading the charge on renewable energy

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5. 5 · nrdc.orgWEB
   Renewable Energy: The Clean Facts - NRDC

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6. 6 · reuters.comNEWS
   Around 90% of renewables cheaper than fossil fuels worldwide ...

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7. 7 · un.orgWEB
   Renewables: Cheapest form of power - the United Nations

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8. 8 · lgcypower.comWEB
   Solar is Now the Cheapest Form of Electricity | LGCY Power

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9. 9 · earth.orgWEB
   Solar and Wind: Cheapest Sources of Power in Most of the World

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10. 10 · climate.mit.eduACADEMIC
    Would getting all our electricity from wind and solar power raise the ...

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11. 11 · surrey.ac.ukACADEMIC
    Solar energy is now the world's cheapest source of power, a Surrey ...

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12. 12 · iea.orgWEB
    Rapid rollout of clean technologies makes energy cheaper, not more ...

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13. 13 · wri.orgWEB
    The State of Clean Energy, in 10 Charts

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14. 14 · sciencedirect.comACADEMIC
    Low-cost renewable electricity as the key driver of ...

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