Renewable capacity added since 2000 estimated to have reduced electricity sector fuel costs in 2023 by at least USD 409 billion. Utility-scale solar pv and onshore wind now half the cost of fossil fuels.

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1. A [news article](https://reneweconomy.com.au/solar-and-wind-less-than-half-the-cost-of-fossil-fuels-as-price-falls-continue/) based on this report says

   “Increased deployment of larger polysilicon factories, improved ingot growth methods, and the increase in the use of diamond wafering methods have helped improve the competitiveness of solar technology. And, with the emergence and popularity of newer cell architectures and larger wafer sizes, IRENA expects the solar industry to see further LCoE reductions.”