Solar and wind cheapest sources of power in most of the world

By Brian Eckhouse, Bloomberg


Highlights

Solar power and onshore wind power are now the cheapest new sources of electricity in the majority of the world’s population.

  • The Levelized Cost of Energy for wind has fallen 9% and solar has dropped by 4%  
  • Prices are especially low in the U.S., China, and Brazil 
  • Improvements in the technology, lower equipment costs, and clean energy goals have made these renewable sources a serious threat to the fossil fuel industry
  • It is unclear if the low prices of oil due to the pandemic will erode the competitiveness of wind and solar

The Climate Center works toward electrifying buildings and vehicles using 100% clean energy sources such as solar and wind to eliminate fossil fuel-based emissions. 


Read More: https://www.bloomberg.com/news/articles/2020-04-28/solar-and-wind-cheapest-sources-of-power-in-most-of-the-world?sref=ABTRBDIh

Nina Turner
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