Archived World Energy Hits a Turning Point: Solar That's Cheaper Than Wind - Half the Cost of Coal (bloomberg.com)
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Archived on: 3/18/2017 10:00:00 AM
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Archived World Energy Hits a Turning Point: Solar That's Cheaper Than Wind - Half the Cost of Coal (bloomberg.com)
submitted ago by rwbj
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[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.is/JxNQ7 :
'A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. '
'The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind. '
'Still, the buildup of wind and solar takes time, and fossil fuels remain the cheapest option for when the wind doesn’t blow and the sun doesn’t shine. '
'Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. '
'This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. '
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