In 2025, renewable energy solidified its status as the cheapest electricity source, with over 90% of new capacity being less expensive than fossil fuels. The International Renewable Energy Agency reported significant savings from renewables, avoiding $480 billion in fossil fuel costs globally, despite rising fossil fuel prices driven by geopolitical events.
The post IRENA Report: Over 90% of New Renewable Power Added in 2025 Was Cheaper Than Fossil Fuels, Saving USD 480 Billion in Fuel Costs appeared first on SolarQuarter.
