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- Levelized cost: With increasingly widespread implementation of renewable energy sources, costs have declined, most notably for energy generated by solar panels. (en)
- Levelized cost of energy is a measure of the average net present cost of electricity generation for a generating plant over its lifetime. (en)
- Past costs of producing renewable energy declined significantly, with 62% of total renewable power generation added in 2020 having lower costs than the cheapest new fossil fuel option. (en)
- "Learning curves": Trend of costs and deployment over time, with steeper lines showing greater cost reductions as deployment progresses. With increased deployment, renewables benefit from learning curves and economies of scale. (en)
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