>The consultancy’s latest work reviews the LCOE for renewables in Europe, North America, Latin America, the Asia Pacific and the Middle East and Africa (MENA).
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>It found single-axis tracker systems in the MENA region to be the most cost-competitive power generation source at $37/MWh.
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>**In Europe**, the LCOE of renewables fell by 7% in 2025 as capital costs dropped 8% versus the 2020 to 2024 average. **Utility-scale solar PV with single-axis tracking currently offers Europe’s lowest average LCOE**, Wood Mackenzie said, with declining module prices contributing to 10% of the cost reductions against 2024.
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>In the Asia Pacific, utility-scale solar delivers the lowest generation costs region-wide, with its **LCOE spanning $27/MWh in China to $118/MWh in Japan.**
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>The consultancy’s latest work reviews the LCOE for renewables in Europe, North America, Latin America, the Asia Pacific and the Middle East and Africa (MENA).
—
>It found single-axis tracker systems in the MENA region to be the most cost-competitive power generation source at $37/MWh.
___
>**In Europe**, the LCOE of renewables fell by 7% in 2025 as capital costs dropped 8% versus the 2020 to 2024 average. **Utility-scale solar PV with single-axis tracking currently offers Europe’s lowest average LCOE**, Wood Mackenzie said, with declining module prices contributing to 10% of the cost reductions against 2024.
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>In the Asia Pacific, utility-scale solar delivers the lowest generation costs region-wide, with its **LCOE spanning $27/MWh in China to $118/MWh in Japan.**
Also Intersting how large the diffrence can be.