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Between 2022 and 2023, utility-scale solar PV projects showed the most significant decrease (by 12%). For newly commissioned onshore wind projects, the global weighted average LCOE fell by 3% year-on-year; whilst for offshore wind, the cost of electricity of new projects decreased by 7% compared to 2022.
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are modeled and download the data and cost modeling program below.
The cost of utility-scale solar in 2022 was down 84% from 2010. Solar power purchase agreements in the West were an average of $10/MWh lower than in other regions. Larger utility-scale solar projects (20 MW+) cost 26% less per MW than projects between 5-20 MW. Annual Energy Outlook, 2023.
Projected change in price by fuel type, 2022-2050 Solar, wind, and hydropower are based on the projected levelized cost of energy, which includes capital expenditures and operating costs, while natural gas, coal, and nuclear are based on the projected cost of only the heat content of these plants.
2027 master plan – a second ‘Set Sail’ 5G expansion plan aims for 85% 5G penetration and 75% of network traffic on 5G. The total number of 5G base stations in China reached 4.486 million as of the end of May (2025), according to data released by the country’s Ministry of Industry and Information Technology (MIIT).
China Mobile, the world’s largest mobile carrier in terms of subscribers, had previously outlined plans to deploy 340,000 additional 5G base stations in 2025. With these new 5G deployments, China Mobile’s total 5G base stations will reach nearly 2.8 million by the end of 2025.
Mobile operators in China are ramping up 5G and 5G-A rollouts, with the former now at 4.5 million cell sites and the latter in 300 cities; a new 2027 roadmap will see 75% of mobile data in the country on 5G networks. 5G on 5M sites – China has over 4.486 million 5G sites; 5G now comprises more than 35% of total mobile base stations.
Today, with over 3.7 million 5G base stations installed nationwide, the large-scale application of 5G in China has greatly benefited both individuals and businesses, bringing significant convenience and opportunities. Here are some notable facts and figures about the country's 5G development.
The future of 5G is clear: more base stations, wider coverage, and improved connectivity. Industry forecasts suggest that by 2025, the total number of 5G base stations worldwide will surpass 5 million. This expansion will be driven by ongoing urbanization, demand for high-speed connectivity, and technological advancements.
China is the main competitor of the United States in the race for the title of leader in 5G deployment. By 2024, the Middle Kingdom had installed over 1.2 million 5G base stations and already has over 600 million subscribers .
By 2026, private 5G networks are expected to drive the need for an additional 500,000 base stations worldwide. Large enterprises, factories, and industrial zones are adopting private 5G to support automation, robotics, and AI-driven processes.
They help fill coverage gaps, improve network reliability, and handle high data traffic. In cities, more than 60% of 5G base stations are small cells, placed on rooftops, lampposts, and building facades. These mini base stations are crucial for delivering consistent 5G speeds in crowded areas like stadiums, shopping malls, and business districts.
