Energy & Science
Wind, Solar Are Cheapest Power Source In Most Places, BNEF Says
- Researcher’s forecasts show limits to the spread of renewables
- In five years, renewables will be cheaper than existing gas
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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.