IRENA published it yesterday. The report is not a projection. It is a confirmation

IRENA published it yesterday. The report is not a projection. It is a confirmation.

Solar and wind with battery storage already deliver electricity 24 hours a day, 7 days a week, at a lower cost than most fossil fuel alternatives.

This is not an analyst's promise. It is firm LCOE, an auditable technical benchmark, calculated market by market, technology by technology.

Since 2010: solar fell 87%. Batteries fell 93%. Onshore wind fell 55%.

These numbers do not change the thesis. They end the debate.

What still blocks the decision in companies is not a lack of data. It is the same pattern I see in every business strategy process stuck halfway: the energy bill keeps growing while the project is "under review," capex was approved for another front while margin bleeds in operations, the conventional energy contract was renewed for another 24 months "to be safe."

IRENA calls this the "adequacy gap." In the companies I work with, I call it the cost of postponement.

The report closes with a sentence that deserves to be read by those who decide:

"The pace at which firm renewable electricity is deployed will be one of the most consequential determinants of the energy transition in the next decade."