New Energy Is The World’s Best Energy Buy

Electricity from Renewable Energy Sources is Now Cheaper than Ever

Govind Bhitada, July 5, 2021 (Visual Capitalist)

"...Electricity from new solar photovoltaic (PV) plants and onshore wind farms is now cheaper than electricity from new coal-fired power plants…

click to enlarge

Fossil fuel sources still account for the majority of global energy consumption…[but renewables’ share of global electricity from renewables grew from 18% in 2009 to nearly 28% in 2020…[and] increasing adoption of clean energy has driven down the cost of electricity from new renewable power plants…Given the rate at which the cost of renewable energy is falling, it’s only a matter of time before renewables become the primary source of our electricity…

click to enlarge

Several countries have committed to achieving net-zero carbon emissions by 2050, and as a result, renewable energy is projected to account for more than half of the world’s electricity generation by 2050.” click here for more

click to enlarge

Tweet