IRENA reports 22% lower LCOE of geothermal power in 2022
ThinkGeoEnergy
AUGUST 29, 2023
Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”
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