The prices of solar, wind and battery technologies in Europe are decreasing.
72% confidence
EconomyEuropean Union
Omissions
IRENA's 2025 report on 2024 costs explicitly states that after more than a decade of steep cost declines, solar and wind energy prices have 'begun to stabilise' — a key qualification absent from the MEP's claim.
Wood Mackenzie analysis indicates onshore wind LCOE peaked in 2024, implying recent upward pressure before projected future declines — contradicting the 'every month down' characterisation.
IEA's Global EV Outlook 2026 notes lithium prices more than doubled between early 2025 and early 2026, introducing upward cost pressure on batteries that the MEP's unidirectional narrative omits.
The European solar module market saw a price recovery from mid-2025 lows, suggesting prices do not move exclusively downward even in the short term.
The claim does not cite any specific time period or data source, making it impossible to verify against a precise reference point. The broad formulation obscures important technology-specific and period-specific variations.
Sources
PrimaryIRENA – Renewable Power Generation Costs in 2024Total installed costs for renewable power decreased by more than 10% for all technologies between 2023 and 2024, except for offshore wind. 'After more than a decade of steep cost declines, solar and wind energy prices have begun to stabilise – a natural sign of market maturity.'
PrimaryIEA – Global EV Outlook 2026Lithium prices at the beginning of 2026 were more than twice as high as in the same period in 2025, even though they remained around 70% lower than their 2022 peak.
SecondaryPV-TechIn Europe, PV panel prices fell marginally between May and June 2025, leading to a slight downturn in European module buyers' market confidence.
SecondaryBloombergNEF – Lithium-Ion Battery Price SurveyBattery pack prices for stationary storage dropped to $70/kWh in 2025, 45% lower than in 2024. Lithium-ion battery pack prices fell to $108 per kilowatt-hour in 2025 despite rising metal prices.
SecondaryMaysunSolar – European Solar Market 2026 Price TrendsOverall, current price levels have shown a clear recovery from the mid-2025 lows, and procurement activity is picking up, with prices gradually recovering.