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Global Utility-Scale Solar LCOE Decline

Sector: Solar

Source: PV Magazine USA

Project
Planned

A report from BloombergNEF forecasts a 2% decline in the levelized cost of electricity (LCOE) for fixed-axis utility-scale solar projects in 2025, dropping from $36 per MWh to $35 per MWh. The report also predicts a significant decrease in battery energy storage LCOE by 11%.

Status
Prospective
Sector
Solar, Energy Storage, Power Transmission, Power Generation (CCGT)
Updated
22 Jul 2026
Source
PV Magazine USA

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The project “Global Utility-Scale Solar LCOE Decline” is an infrastructure initiative in the Solar sector. Taiyo aggregates data on it from PV Magazine USA.

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Planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

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Description

Description

A report from BloombergNEF forecasts a 2% decline in the levelized cost of electricity (LCOE) for fixed-axis utility-scale solar projects in 2025, dropping from $36 per MWh to $35 per MWh. The report also predicts a significant decrease in battery energy storage LCOE by 11%.

Original sector

Energy

Location

Not available for this record.

Source

Source

PV Magazine USA

URL

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Record type

Project

Sector

Solar, Energy Storage, Power Transmission, Power Generation (CCGT)

Article published date

2025-02-14

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