Global energy experts have confirmed that solar power has now become the cheapest source of energy in history. With the cost of photovoltaic (PV) panels and installation continuing to drop, utility-scale solar projects can now generate electricity at prices significantly lower than fossil fuels. The International Energy Agency (IEA) reports that in many countries, especially sunny regions like the UAE, solar energy costs as little as 1.3 cents per kilowatt-hour. This rapid cost reduction is accelerating the global transition toward cleaner, more sustainable energy infrastructure. As governments and private sectors embrace renewable investments, solar energy is set to play a dominant role in meeting global climate goals. |
