Bloomberg – Scale-up of Solar and Wind Puts Existing Coal, Gas at Risk

Posted by

Solar power, wind and battery storage have seen a tremendous uptake in the last six months.

“Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population. Those two-thirds live in locations that comprise 71% of gross domestic product and 85% of energy generation. Battery storage is now the cheapest new-build technology for peaking purposes (up to two-hours of discharge duration) in gas-importing regions, like Europe, China or Japan.”

Read the article here…

Leave a Reply