this post was submitted on 17 Nov 2023
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Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.

Source: https://ourworldindata.org/cheap-renewables-growth

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[โ€“] [email protected] 0 points 1 year ago (1 children)

The cost of the panels themselves doesn't seem to have gone down nearly that much. Panel cost over time

[โ€“] [email protected] 1 points 1 year ago

OP's data is LCOE, which takes into account much more than $/MW. Rather importantly, expected operating liftetime is a major component (and historically THE major economic downside of PV).

IIRC, LCOE is calculated for utility-scale solar, which has seen a 500% decrease according to your chart.

Finally, Neither chart specifies, but if OP's is in constant dollars and yours isn't that would explain a lot as well.