Cheap renewable energy will transform power sector: report

Cheap renewable energy will transform power sector: report

Among the shifts will be a dramatic fall in the cost of renewable energy, with solar already as cheap as coal in advanced economies such as Germany. This will also be true of China and Mexico in the next five years, says the report by Bloomberg New Energy Finance.

Overall, the report predicts that the price of solar will decline by 66% by 2040, onshore wind will fall by 47% and offshore wind by 71% as a result of better technology, digitalisation, experience, competition and economies of scale.  Read More…

 

 

 

Credit By: global construction review

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