>By some measures, 2023 was a challenging year for clean energy. Interest rates rose, supply chains remained stressed, Western wind players struggled, interconnection queues grew, and clean energy stocks underperformed.
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>Yet, the renewable revolution marched on. In 2023, the costs of clean technologies started falling again; the growth in clean technologies continued up S-curves; fossil fuel demand remained on a plateau; the geopolitical race to lead the renewable era sped up; clean tech manufacturing surged; and policy action continued to ratchet higher. Below we describe six reasons 2023 was a year of success and continuity for the renewable revolution.
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>…Relative to the first half of last year, the LCOE of utility solar PV fell by 9 percent to $41/MWh and the LCOE of onshore wind is down 13 percent to $40/MWh. Solar panel module prices fell 50 percent this year to 12 cents/W — as of December. Battery cell costs are down 16 percent, now at $107/kWh…
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From the article:
>By some measures, 2023 was a challenging year for clean energy. Interest rates rose, supply chains remained stressed, Western wind players struggled, interconnection queues grew, and clean energy stocks underperformed.
>
>Yet, the renewable revolution marched on. In 2023, the costs of clean technologies started falling again; the growth in clean technologies continued up S-curves; fossil fuel demand remained on a plateau; the geopolitical race to lead the renewable era sped up; clean tech manufacturing surged; and policy action continued to ratchet higher. Below we describe six reasons 2023 was a year of success and continuity for the renewable revolution.
>
>…Relative to the first half of last year, the LCOE of utility solar PV fell by 9 percent to $41/MWh and the LCOE of onshore wind is down 13 percent to $40/MWh. Solar panel module prices fell 50 percent this year to 12 cents/W — as of December. Battery cell costs are down 16 percent, now at $107/kWh…