Report: Renewables in Most of Asia Pacific to Be Cheaper Than Coal Power by 2030

Wind Industry Profile of

Solar plus storage projects competitive with gas by 2026

Wood Mackenzie’s latest report shows most markets in Asia Pacific can expect to see cheaper levelised cost of electricity (LCOE) for renewables compared to coal by 2030. Across the region, new investments in renewables power are expected to be 23% lower cost than coal power on average by the end of the decade. Currently, renewables power costs about 16% more on average compared to coal power but has been at a discount to gas-fired power since 2019. Wood Mackenzie senior analyst Rishab Shrestha said: “Today, India and Australia are the only markets... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood mackenzie, Asia Pacific, coal, wind, solar, renewable energy, competitive, gas, Australia, India, LCOE, cheaper, China