Solar Slowly Becoming World's Cheapest Form of Energy

Solar power is becoming cheaper and more cost effective than the more conventional means to generate electricity, according to leading analysts.

The cost of solar in 58 lower-income countries – including China, Brazil and India – has fallen to about a third of their respective levels in 2010 and is now becoming cheaper than wind energy, according to data produced by Bloomberg New Energy Finance (BNEF).

"Renewables are robustly entering the era of undercutting [fossil fuel prices]…Renewable energy will beat any other technology in most of the world without subsidies," BNEF chairman Michael Liebreich said in a note to clients.

http://www.ibtimes.co.in/solar-power-slowly-becoming-worlds-cheapest-form-electricity-analysts-say-708742

David Goehring

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