Middle East and Africa Levelised Cost of Electricity (LCOE) 2025

Report Summary:

This report presents the findings of our latest analysis on the development of the levelised cost of electricity (LCOE) across the Middle East and Africa, with projections extended to 2060. Utility-scale solar PV, onshore wind and battery storage with 2, 4 and 6-hour durations have been analysed for the following markets:

We aim to include additional markets and technologies in future releases of the product. The Middle East and Africa LCOE report is one of five regional reports published annually to capture the evolving dynamics across all global markets we cover. It forms part of Wood Mackenzie's comprehensive global LCOE analysis, offering insights into Asia Pacific, North America, Europe, the Middle East, Africa and Latin America.