The global levelized cost of energy (LCOE) for unsubsidized solar photovoltaics technologies decreased drastically between 2009 and 2018, by around 88 percent, while unsubsidized onshore wind decreased its LCOE by some 69 percent during the same period.
Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology
Characteristic
Change in LCOE
Onshore wind - unsubsidized
-69%
Solar photovoltaics - unsubsidized
-88%
Lithium-ion batteries
-85%
-100%-80%-60%-40%-20%0%
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World Economic Forum. (May 1, 2020). Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology [Graph]. In Statista. Retrieved May 04, 2025, from https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/
World Economic Forum. "Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology ." Chart. May 1, 2020. Statista. Accessed May 04, 2025. https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/
World Economic Forum. (2020). Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology . Statista. Statista Inc.. Accessed: May 04, 2025. https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/
World Economic Forum. "Percentage Change in The Levelized Cost of Energy Worldwide between 2009 and 2018, by Select Technology ." Statista, Statista Inc., 1 May 2020, https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/
World Economic Forum, Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology Statista, https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/ (last visited May 04, 2025)
Percentage change in the levelized cost of energy worldwide between 2009 and 2018, by select technology [Graph], World Economic Forum, May 1, 2020. [Online]. Available: https://www.statista.com/statistics/1120045/change-levelized-cost-energy-by-technology-globally/
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