Press Release by IRENA - 24/7 Renewables Outcomete Fossil Fuels on Costs
New IRENA report confirms the cost-competitiveness of round-the-clock renewable power through hybrid solutions of solar and wind with battery storage. Abu Dhabi, United Arab Emirates, 06 May 2026 - Solar and wind energy paired with battery storage are reliable and already today deliver cost-effective, round-the-clock electricity, according to a new report by the International Renewable Energy Agency (IRENA). 24/7 renewables: The economics of firm solar and wind confirms that in prime solar and wind regions, hybrid solutions combined with storage deliver round-the-clock power at lower costs than fossil fuels. Firm levelised costs of electricity (‘firm costs’) for solar plus storage range from USD 54 to USD 82 per megawatt-hour (MWh) in high-quality resource regions, compared with USD 70–85 p...