Stunning drops in solar, wind costs mean economic case for coal, gas is ‘crumbling’

Prices for solar, wind, and battery storage are dropping so rapidly that renewables are increasingly squeezing out all forms of fossil fuel power, including natural gas. The cost of new solar plants dropped 20 percent over the past 12 months, while onshore wind prices dropped 12 percent, according to the latest Bloomberg New Energy Finance (BNEF) report. Since 2010, the...

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Solar panel prices plunge by a shocking 26 percent in one year

Prices for new wind and solar plants continue to plunge at an astonishing pace. Driven by steadily improving technology and the use of auctions to set prices, the cost of solar and wind dropped 25 percent this past year — and even more in some key emerging markets like China. That drop comes on top of an 80 percent reduction in the previous 10 years, which is why...

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