Did you know that Solar Power Will Soon Cost Less Than Coal?

Did you know that Solar Power Will Soon Cost Less Than Coal?

International Renewable Energy Agency - "Irena" expects the cost of installing renewables to continue falling in 2021 -- to $0.043 kilowatt hour for onshore wind, down 18% from 2019, and to $0.039/kWh for large photovoltaic plants, 42% lower than last year.

“Auction results show this trend accelerating, reinforcing the case to phase out coal entirely,” Irena said.

Still, research from the Paris-based International Energy Agency suggests new power from wind and solar will fall this year for the first time in two decades as factory closures delay the construction of renewable facilities.

The cost of solar and wind energy could be consistently cheaper than conventional supplies by 2030, Irena said in January.

The trend is largely down to advances in technology and the increasing scale of projects. Photovoltaic power has seen an 82% decline in costs since 2010 and onshore wind 39%, according to Irena. Read More