cost of building installations

and for offshore wind 29 per cent lower. This is because technological advances have reduced the cost of building installations such as solar and wind farms. According to IRENA, n 2022 the renewable power deployed globally since 2000 saved an estimated $521bn in fuel costs in the electricity sector. In the future, the costs of offshore wind and photovoltaics are likely to decrease further, joining onshore wind in outcompeting not only coal and nuclear, but also gas Second, the energy transition strengthens countries’ energy security or energy sovereignty, another major concern of politicians and public alike ufabet