{"id":505124,"date":"2022-07-14T09:16:16","date_gmt":"2022-07-14T03:46:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505124"},"modified":"2022-07-14T09:42:47","modified_gmt":"2022-07-14T04:12:47","slug":"two-thirds-of-new-renewable-power-cheaper-than-coal-last-year-irena","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/two-thirds-of-new-renewable-power-cheaper-than-coal-last-year-irena\/","title":{"rendered":"Two-thirds of new renewable power cheaper than coal last year: IRENA"},"content":{"rendered":"<p>Almost two-thirds or 163 gigawatts (GW) of new renewable power capacity added last year had lower costs than the cheapest coal-fired power plants in G20 countries, a report by the International Renewable Energy Agency (IRENA) showed.<\/p>\n<p>Last year, the cost of electricity from onshore wind fell by 15%, offshore wind fell by 13% and solar photovoltaic (PV) fell by 13% compared to 2020, the report said.<\/p>\n<p>&#8220;Renewables are by far the cheapest form of power today,&#8221; said Francesco La Camera, director general of IRENA. &#8220;Renewable power frees economies from volatile fossil fuel prices and imports, curbs energy costs and enhances market resilience, even more so if today&#8217;s energy crunch continues.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost two-thirds or 163 gigawatts (GW) of new renewable power capacity added last year had lower costs than the cheapest coal-fired power plants in G20 countries, a report by the International Renewable Energy Agency (IRENA) showed. Last year, the cost of electricity from onshore wind fell by 15%, offshore wind fell by 13% and solar photovoltaic (PV) fell by 13% compared to 2020, the report said. &#8220;Renewables are by far the cheapest form of power today,&#8221; said Francesco La Camera, director general of IRENA. &#8220;Renewable power frees economies from volatile fossil fuel prices and imports, curbs energy costs and enhances [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-505124","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=505124"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505124\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}