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Stunning Drops in Solar and Wind Costs Turn Global Power Market Upside Down

           

CREDIT: U.N. and BNEF

CLICK HERE - REPORT - United Nations and Bloomberg New Energy Finance (BNEF) - GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT 2017 (90 page .PDF report)

The world built more renewables for far less money last year, report UN and Bloomberg New Energy Finance.

thinkprogress.org - by Joe Romm - April 6, 2017

Stunning drops in the cost of wind and solar energy have turned the global power market upside down . . .

 . . . Unsubsidized renewables have become the cheapest source of new power — by far — in more and more countries, according to a new report from the United Nations and Bloomberg New Energy Finance (BNEF).

In just one year, the cost of solar generation worldwide dropped on average 17 percent, the report found. The average costs for onshore wind dropped 18 percent last year, while those for offshore wind fell a whopping 28 percent.

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ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Unsubsidized wind and solar now the cheapest source for new electric power

CLICK HERE - IEEFA: Even without tax credits, U.S. wind & solar costs are falling

CLICK HERE - Solar, wind costs could fall up to 59 percent by 2025, study says - June 15, 2016

 

 

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Comments

A look forward to how we get to terawatts of solar power capacity.

arstechnica.com - by John Timmer - April 13, 2017

 . . . An international team of energy experts makes an attempt to figure out where solar might be going out to the 2030s, when they expect we'll have terawatts' worth of photovoltaics on our grids.

(READ COMPLETE ARTICLE)

 

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