Finance

Solar Power Will Soon Cost Less Than Coal

  • Irena says retiring coal plants can help economies amid virus
  • The cost of photovoltaic power has declined by 82% since 2010
Photographer: Waldo Swiegers/Bloomberg
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New solar and wind farms will soon cost less than many of the world’s coal-fired power plants, and governments should invest in them to boost economies amid the coronavirus, according to the International Renewable Energy Agency.