Report Shows Renewables are Triggering Global Reductions in Power Prices
Wind and solar energy deliver the most economical electricity generation despite political assertions that clean technologies inflate consumer bills, Zero Carbon Analytics research indicates. Analysis revealed that nine-tenths of recently constructed large-scale renewable installations produce power at costs lower than the cheapest newly built fossil fuel plants. Land-based wind turbines currently generate the globe's most affordable fresh electrical capacity. Referencing International Renewable Energy Agency findings, researchers found that terrestrial wind facilities deliver electricity 53% cheaper than the lowest-cost carbon-based alternatives, while renewable installations combined with storage batteries steadily match fossil generation economics across major territories. Contrary to renewable affordability evidence,…
