NewEnergyNews More: NEW ENERGY NOW MATCH NAT GAS

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  • Wednesday, October 7, 2015

    NEW ENERGY NOW MATCH NAT GAS

    Wind energy is now as cheap as natural gas, and solar is getting close; And it's only getting cheaper.

    7 October 2015 (Science Alert)

    “Wind power is now comparable in price to fossil fuels, and solar is well on its way, according to [Global Trends in Renewable Energy Investment 2015 by Bloomberg New Energy Finance, which]confirms earlier predictions that renewables aren't just the best option for the environment - they’re unequivocally the smartest long-term investment you can make on energy…[I]n the second half of 2015, the global average cost of onshore wind energy will be $83 per megawatt-hour of electricity (which is down $2 from the first half of the year), and for thin film solar photovoltaics, the cost is $122 per megawatt-hour (down $7 in the past six months)…The costs as they are now, and the steady drops we’ve seen in price over the past six months alone, suggest that as the technology to eke out more and more electricity from solar and wind energy gets ever-more sophisticated, those prices can only continue to fall…” click here for more

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