Renewables save $480 billion in fossil fuel costs in 2025 as price advantage widens: IRENA
New Delhi: Renewable energy projects commissioned globally in 2025 helped avoid an estimated $480 billion in fossil fuel costs, according to a newly released report by the International Renewable Energy Agency (IRENA). The report, Renewable Power Generation Costs in 2025 reveals that more than 90 percent of newly added utility scale renewable capacity generated electricity at a lower cost than the cheapest new fossil fuel alternative, further strengthening the economic edge of clean energy.
The findings indicate that solar and wind fleets acted as critical financial buffers during intense geopolitical tensions and sudden gas price spikes, reinforcing their role as the cornerstone of global energy security and economic resilience. Francesco La Camera, Director General of IRENA, emphasize...









