India, July 2 -- Renewable projects commissioned in 2025 saved an estimated $480 billion in global fossil fuel costs, finds new report by IRENA.

Over 90% of new utility-scale capacity undercut the cheapest new fossil plants, report finds.

Solar, onshore and offshore wind all maintained or improved their cost edge,

The renewables shielded economies from fuel price shocks and reinforcing renewables as a cornerstone of energy security and resilience.

Renewable energy projects commissioned in 2025 helped avoid an estimated $480 billion in fossil fuel costs globally, with more than 90 per cent of newly added utility-scale renewable capacity generating electricity at a lower cost than the cheapest new fossil fuel alternative, according to a...