Sun Solution Rises as Solar Fast Becoming World’s Cheapest Electricity Source

December 28, 2016 at 12:39 pm Leave a comment

solarwindFor the first time, solar power is becoming the cheapest form of electricity production in the world, according to new statistics from Bloomberg New Energy Finance (BNEF) released Thursday.

While unsubsidized solar has occasionally done better than coal and gas in individual projects, 2016 marked the first time that the renewable energy source has out-performed fossil fuels on a large scale—and new solar projects are also turning out to be cheaper than new wind power projects, BNEF reports in its new analysis, Climatescope.

Read Sun Solution Rises as Solar Fast Becoming World’s Cheapest Electricity Source by Nadia Prupis at Common Dreams.

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Entry filed under: Energy, Renewables.

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