BNEF's global benchmark costs for solar, onshore wind and offshore wind costs all rose in 2025, reversing the downward trend seen in recent years, due to a combination of supply chain constraints, poorer resource availability and market reforms in mainland China. New York/ London, February 6, 2025 – The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year's record. According to a latest report by research provider BloombergNEF (BNEF), new wind and solar farms are. Renewable Energy Has Achieved Cost Parity: Utility-scale solar ($28-117/MWh) and onshore wind ($23-139/MWh) now consistently outcompete fossil fuels, with coal costing $68-166/MWh and natural gas $77-130/MWh, making renewables the most economical choice for new electricity generation in 2025. Total installed costs for renewable power decreased by more than 10% for all technologies between 2023 and 2024, except for offshore wind, where. New York, February 18, 2026 – Clean power costs sent mixed signals in 2025. BNEF's global. While solar modules and batteries have become icons of rapid progress, most energy models are still stuck in the past. Wind and solar investments in the first half of 2025 fell 18%, to nearly US$35 billion (prior to the.