October 16, 2020

...AND CHEAPER...:

Solar now generates the cheapest electricity in history, IEA says (STEPHEN JOHNSON, 16 October, 2020, Big Think)

Electricity from solar energy is the cheapest it's ever been, thanks largely to technological improvements and policies that reduce the risk of investing in renewable energy. [...]

 In the main scenario, the international community is projected to generate 43 percent more solar power than the IEA had predicted in 2018.

That increase, as Carbon Brief first reported, is partly due to new analyses showing the cost of solar power to be 20 to 50 percent cheaper than the IEA thought in 2018.

Globally, the average cost of electricity from large-scale solar photovoltaic projects has dropped by magnitudes over the past decade, from 38 cents per kilowatt-hour in 2010 to 6.8 cents per kilowatt-hour in 2019, according to the International Renewable Energy Agency.

Posted by at October 16, 2020 9:14 PM

  

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