Solar Energy Prices Continue to Plunge While Coal Prices Climb Higher
“Studies investigating the price of solar power have revealed some surprising results. Prices for new solar energy installations are continuing to fall by 26 percent in the last year, according to data compiled by Bloomberg New Energy Finance. Prices have fallen by even wider margins in some of the most important emerging markets like India and China.
Prices have fallen so much that it is now cheaper to build new commercial renewable energy sources than it is to keep existing coaland nuclear power plants running. The annual Levelized Cost of Energy Analysis from Lazard shows that prices for these traditional sources of power generation have risen in the past year, while renewable sources such as solar and wind continue to see costs lowering dramatically…”
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https://futurism.com/solar-energy-prices-continue-plunge-coal-prices-climb-higher/amp/
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