New Energy To Get Bigger And Cheaper
Solar and wind energy set to get cheaper
Denisse Moreno, 21 June 2017 (International Business Times via Raw Story)
“…[Solar energy costs will fall] 66 percent by 2040…[as onshore costs] decrease by 47 percent…[and offshore wind costs plunge] by 71 percent…The decrease in the cost of solar and wind power will undercut the majority of existing fossil power stations by 2030… [A new forecast] predicts $7.4 trillion will be invested in new renewable energy plants by 2040…[which is] nearly three-quarters of the $10.2 trillion the world will invest in new power generating technology…Solar power is expected to be cheaper than coal in China, India, Mexico, the U.K. and Brazil by 2021…[Coal will] see a 51 percent reduction in generation by 2040. In its place, gas-fired electricity will rise 22 percent, and renewables 169 percent…” click here for more
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