Unsubsidized wind and solar now the cheapest source for new electric power

Lucas Mearian for Computer World:  While investments in renewable energy slumped last year, a big drop in unsubsidized costs for new wind and solar power installations indicated that they remain popular energy alternatives.

Last year, the average "levelized cost" or total cost of generating power from solar worldwide dropped 17% percent, onshore wind costs dropped 18% and offshore wind turbine power costs fell 28%, according to a new report from the United Nations and Bloomberg New Energy Finance (BNEF).

"Well, after the dramatic cost reductions of the past few years, unsubsidized wind and solar can provide the lowest cost new electrical power in an increasing number of countries, even in the developing world -- sometimes by a factor of two," Michael Liebreich, chairman of the Advisory Board at BNEF, said in the report.

The average capital cost for solar power projects of new construction in 2016 was 13% lower than in 2015, while for onshore wind the drop was 11.5% and for offshore wind, 10%.  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

3M™ Extreme Sealing Tape is a family of single coated, pressure sensitive adhesive tapes designed for difficult sealing applications. The backing on this tape is an ionomer film that is very tough yet flexible and abrasion resistant. The very soft and thick acrylic adhesive has excellent sealing properties and good outdoor durability. This single coated tape is designed to seal over an existing joint, seam, or penetration. The adhesive is designed to adhere well to the ionomer film so that overlapping tape joints can be made while maintaining a strong seal. 3M™ Extreme Sealing Tape - instant sealing that rolls on fast and looks good.