New Energy Is Winning In The Marketplace

Prices of renewable energy sources plummeted between 2009 and 2017

Ben Geman, April 9, 2019 (Axios)

“The International Monetary Fund's annual World Economic Outlook…[shows] why wind and solar power are growing so fast in power markets…[The levelized cost of electricity from different forms of zero-carbon power] is the all-in comparison of the costs of building, running, supplying and maintaining facilities over time…Between 2009 and 2017, the installed price for utility-scale solar fell 76% and the installed price of onshore wind fell 34%,] making these energy sources competitive alternatives to fossil fuels and more traditional low-carbon sources…

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Today renewables account for about 25% of global power generation…Hydropower has the largest share, but cost declines are helping wind and solar gain ground, with solar overtaking hydro in about a decade…” click here for more

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