Australian news, and some related international items

Cheap Renewables Are Transforming Global Electricity Business

IEEFA 21st Feb 2018, We’ve just posted a research brief explaining through a telling combination of charts (and some written analysis) how the fast-growing
uptake of wind and solar around the world continues to shape
electricity-generation trends.

The phenomenon is unfolding across diverse
groups of markets that include ones in Latin America, the Middle East, and
the U.S. We note in the brief— “Cheap Renewables Are Transforming
Global Electricity Business”—how installations of wind and solar
totalled almost 155 gigawatts (GW) last year, actually outpacing coal-fired
power plant development.

We also note how lowest bids for solar dropped a
remarkable 50 percent from records set in 2014 and 2015, as solar power
continued its long-established expansion.

February 28, 2018 - Posted by | General News

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