Over the last ten years, a significant cost reduction has been observed in solar and wind energy. When considering the costs of energy from new power plants, onshore wind and solar are currently the cheapest sources. They cost less than energy generated from gas, geothermal, coal or nuclear power. Providing cost-effective and low-carbon alternatives for energy is a key driver of the energy transition and thus also paves the way for achieving climate targets.

Source: Chrobak (2021)