Global solar and battery storage costs to decline further in 2025

  A BloombergNEF report forecasts a decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage in 2025. LCOE, which measures lifetime costs divided by energy production, enables cost comparisons across energy technologies. The report projects that the LCOE of fixed-axis utility-scale solar projects will decline 2% year-over-year, from $36 per MWh in 2024 to $35 per MWh in 2025. By 2035, this is expected to fall further to $25…