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Falling renewables costs an incentive and challenge for region’s utilities
The cost of generating electricity using solar photovoltaic (PV) panels fell by 73% from 2010 to 2017 according to new analysis published by the International Renewable Energy Agency (Irena) in time for its annual summit, held in Abu Dhabi on 13-14 January. Global weighted average costs for solar PV were just $0.10/kWh in 2017 and are set to fall by a further 50% by 2020, according to the inter-governmental agency. These were among the more striking numbers set out by Irena and underline the powerful incentive now acting on Gulf governments to redouble their efforts to develop their sustainable energy sectors.
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