Costs of power generation: Do renewables make business sense?

From solar and wind to geothermal and bioenergy, the costs of renewable technologies have dropped dramatically over the past decade, with solar leading the surge. In 2024 the costs of renewables have stabilised. Do renewables still make business sense? In this episode, Saied Dardour, IRENA's energy cost expert, breaks down the latest findings from IRENA’s Renewable Power Generation Costs in 2024 report.He explains how renewable costs compare to fossil fuels, what’s driving the stabilization of prices, and why clean energy remains the smart choice for the future. Talking to the host, Daria Gazzola, Saied also addresses affordability myths, regional disparities, and the outlook for renewable economics as the world races to triple capacity by 2030.© IRENA 2025Unless otherwise stated, material in this podcast may be freely used, shared, copied, reproduced, printed and/or stored, provided that appropriate acknowledgement is given of the author(s) as the source and IRENA as copyright holder.The findings, interpretations and conclusions expressed herein are those of the author(s) and do not necessarily reflect the opinions of IRENA or all its Members. IRENA does not assume responsibility for the content of this work or guarantee the accuracy of the data included herein. Neither IRENA nor any of its officials, agents, data or other third-party content providers provide a warranty of any kind, either expressed or implied, and they accept no responsibility or liability for any consequence of use of the content or material herein. The mention of specific companies, projects or products does not imply that they are endorsed or recommended, either by IRENA or the author(s). The designations employed and the presentation of material herein do not imply the expression of any opinion on the part of IRENA or the author(s) concerning the legal status of any region, country, territory, city or area or of its authorities, or concerning the delimitation of frontiers or boundaries.

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