levelized cost of electricity

The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.

PV, onshore wind new-builds already the most competitive option for two-thirds of global population, BNEF review finds as lockdown dynamics unlock surge of cheap clean power.