A new report published by the International Renewable Energy Agency has found that 77% of onshore wind projects and 83% of utility-scale solar PV projects set to be commissioned in 2020 will be cheaper than the lowest fossil fuel-fired generation prices.

The news has been heralded across the internet as a death-blow for the global fossil fuel industry. According to the new report from the International Renewable Energy Agency (IRENA), entitled Renewable Power Generation Costs in 2018, renewable energy is already the cheapest form of electricity in many parts of the world and, with prices expected to continue to fall, the cost advantage of renewable energy sources like wind and solar will only continue to increase.

Read the full report from Clean Technica.

solar and onshore wind