Solar and wind power costs continued to fall in 2019 and auction and PPA results show there is no sign of slowing in the downward trend. IRENA has been tracking and analyzing the cost evolution of renewable power since 2012 to shed light on the accelerating momentum of renewables as both the key climate solution and a strong business proposition. Following the 2019’s edition of IRENA’s Renewable Power Generation Costs report, a webinar on the same theme shared key takeaways from this new body of work and provided insights into global cost trends for renewable power and what has driven their cost declines in 2019. Michael Taylor, Renewable Cost Status and Outlook team, IRENA made a presentation during the webinar which can be downloaded here.