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Study Finds Renewable Energy Is Cheaper Than Fossil Fuels

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Researchers predict that within the next year, electricity generated by wind and solar photovoltaic (PV) technologies will be cheaper than electricity generated by fossil fuel sources. A new report from the International Renewable Energy Agency (IRENA) shows the costs of renewable energy fell to an all-time low in 2018 and will continue to fall well into the next decade. Mother Nature Network reports that the largest downward trend in costs will continue to be seen in solar- and wind-power technologies. More than 75% of onshore wind and 80% of PV projects due to be commissioned next year will generate power at lower prices than the most current and efficient models seen today from fossil fuels.

Added on the 31/05/2019 11:37:17 - Copyright : Wochit

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