Renewables are now the cheapest energy ever: In October 2020, the International Energy Agency, an intergovernmental organisation, concluded that the best solar power schemes now offer “the cheapest source of electricity in history”. Business is going green too. The falling cost of renewable and the growing public pressure for action on climate is also transforming [...]
Today, SolarPower Europe published its new EU Market Outlook for Solar Power, which shows that despite the setbacks of COVID-19, the European solar market grew by 11%, adding 18.7 GW of installations. This figure makes 2020 the second-best year ever for solar in the EU, the strongest growth year since 2011, increasing the cumulative installed solar [...]
Wind and solar power are the cheapest form of new electricity in most of the world today. That’s the analysis of BloombergNEF, which predicts a tipping point in five years when it will be more expensive to operate an existing coal or natural gas power plant than to build new solar or wind farms. Source: [...]
With 18.7 GW added, 2020 is the strongest growth year for solar since 2011. Market projections indicate continued strong growth, with solar demand set to cross the 35 GW level in 2024, bringing total installed capacity to 252 GW (according to our Medium Scenario). Source: solarpowereurope.org Read the whole article here