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Global study shows 22% drop in geothermal LCOE in last year

The latest report from the International Renewable Energy Agency (IRENA) examining global costs for a full range of renewable power generation options shows that the levelised cost of electricity (LCOE) for geothermal power fell by 22% between 2021 and 2022 and remains a highly cost-competitive option - and the only renewable energy option that can supply dispatchable power without storage.


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