GK Question

technology medium mcq

Which renewable energy technology has seen fastest cost decline globally in past decade?

  1. Solar PV
  2. Wind Power
  3. Hydropower
  4. Geothermal

Answer: Solar PV

Solar PV costs declined ~90% (2010-2020) due to manufacturing scale, technology improvements, and supply chain optimization. Now cheapest electricity source in many regions. India targets 500 GW renewable capacity by 2030.

Topic Climate Tech
Exam Relevance UPSC, SSC, Banking