April 30, 2017

Renewable energy turns cheap

Think Progress - Stunning drops in the cost of wind and solar energy have turned the global power market upside down.

For years, opponents of renewable power, like President Donald Trump, have argued they simply aren’t affordable. The reality is quite different.

Unsubsidized renewables have become the cheapest source of new power?—?by far?—?in more and more countries, according to a new report from the United Nations and Bloomberg New Energy Finance.

New DOE report details latest advances in solar, wind, LED lights, batteries, and electric cars. thinkprogress.org

In just one year, the cost of solar generation worldwide dropped on average 17 percent, the report found. The average costs for onshore wind dropped 18 percent last year, while those for offshore wind fell a whopping 28 percent.

Jazz break