By 2030, New Energy Could Be Free

Analyst: Renewable energy will be ‘effectively free’ by 2030

Bryan Clark, August 13, 2018 (TNW)

“Analysts at Swiss investment bank UBS believe that by 2030, we could all be living without much of a carbon footprint — at least at home…[because by 2030, [New Energy] costs will be so low they will [‘effectively be free…’ With the increased popularity of New Energy among consumers and energy providers and the economics of scale of bigger and more efficient solar and wind projects, the prices are becoming too low] to ignore…[Approximately a dozen major European utility companies] have announced significant changes to their previous business models — most of which relied on coal or natural gas during the past century — that could usher in a new era of clean, renewable energy. As demand increases and prices continue to fall, it’s hard to imagine a trend reversal in the near future…[Places] with plentiful sun like California and Florida have seen precipitous drops in the cost of installing solar panels. In some areas, the hardware and installation are now free, with the companies providing the materials profiting from selling excess energy back to the grid. In these places, the bulk of new construction features renewable energy sources, and solar in particular…” click here for more

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