Renewables are becoming the least cost option in India, Denmark, Egypt, Mexico, Peru and the United Arab Emirates, a global multi-stakeholder renewable energy policy network said on Wednesday.
It said record power capacity of 161 gigawatts (GW) added globally and that these countries saw renewable electricity being delivered at $0.05 per kilowatt-hour or less.
The renewable cost is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries, said REN21, the global renewable energy policy multi-stakeholder network located at the United Nations Environment Programme (UNEP) in Paris. Read More…
Credit By: ET Energy World
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