Ana Vasconcelos· Renew

Confirmed

The cost of wind energy has fallen by 70% in a single decade

Omissions

• The 70% figure refers primarily to onshore wind; offshore wind has different cost reduction trends
• IRENA data is global, not specifically EU - European trends may vary slightly
• Cost reductions are measured using LCOE (Levelized Cost of Energy), a specific methodology that accounts for total lifecycle costs
• The IRENA source used was published after the claim date (2024), though it contains historical data from periods prior to 2026-03-10 that would have been available to the MEP

Sources

• PrimaryIRENA - Renewable Power Generation Costs in 2020Global weighted average LCOE of onshore wind fell 70% from $0.095/kWh in 2010 to $0.039/kWh in 2020
• SecondaryDelfos Energy - Cost of Wind Energy in EuropeOnshore wind costs fell approximately 68% from 2010 to 2021 in Europe