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Renewable Power Generation Costs in 2018
June 10 , 2019
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- International Renewable Energy Agency (IRENA) has released a report titled ‘Renewable Power Generation Costs in 2018’.
- For the study, IRENA analysed eight major solar PV markets from 2010 to 2018.
- These countries include China, France, Germany, India, Italy, Japan, the UK and the US.
- According to the report, India is now the low-cost producer of solar power globally.
- Renewable energy sources have witnessed cost decline globally.
- It was founded in 2009 its treaty entered into force on 8th July 2010 and is headquartered in Masdar City, Abu Dhabi.
- It is the first international organisation to focus exclusively on renewable energy, addressing needs in both developed and developing countries.
- It is an intergovernmental organisation mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy.
- It is an official observer of United Nations.
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