Wind and solar projects are expected to account for more than one-third of global electricity by 2030, the Rocky Mountain Institute (RMI) reports, demonstrating the energy sector's ability to meet global climate goals. The report predicts that wind and solar projects will generate at least 33 percent of the world's electricity, reducing fossil fuel generation and promoting cheaper electricity. Benefiting from the rapid deployment of renewable energy and long-term energy price deflation, the cost of solar power is expected to drop to $20 per megawatt-hour.