Report Says Renewable Energy is Approaching Cost Parity with Fossil Fuels
Pairing solar and wind with battery storage already delivers electricity at prices that match new coal and beat new gas costs across much of the world, according to a recent International Renewable Energy Agency report. The findings address one of the most enduring objections to renewable power: that intermittent generation makes clean energy unsuitable as a reliable primary source. Researchers focused on firm renewable systems, meaning setups that pair solar panels and wind farms with batteries to guarantee supply at any hour. Where sunlight and wind resources are plentiful, solar combined with storage runs between roughly $55 and $83 per…
