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A renewable energy revolution is on the way although they still haven't found a cost effective way to store the captured energy yet. KV The cost of solar power is decreasing so rapidly, it's now cheaper than coal, based on a new analysis. A recent report from Lazard shows how the costs of producing electricity from various sources are changing. Energy from utility-scale solar plants — plants that produce electricity that feeds into the grid — has seen the biggest price drop: an 86% decrease since 2009. The cost of producing one megawatt-hour of electricity — a standard way to measure electricity production — is now around for solar power, according to Lazard's math. The cost of producing one megawatt-hour of electricity from coal, by comparison, is 2 — more than double
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A renewable energy revolution is on the way although they still haven't found a cost effective way to store the captured energy yet. KV The cost of solar power is decreasing so rapidly, it's now cheaper than coal, based on a new analysis. A recent report from Lazard shows how the costs of producing electricity from various sources are changing. Energy from utility-scale solar plants — plants that produce electricity that feeds into the grid — has seen the biggest price drop: an 86% decrease since 2009. The cost of producing one megawatt-hour of electricity — a standard way to measure electricity production — is now around for solar power, according to Lazard's math. The cost of producing one megawatt-hour of electricity from coal, by comparison, is 2 — more than double
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A renewable energy revolution is on the way although they still haven't found a cost effective way to store the captured energy yet. KV
The cost of solar power is decreasing so rapidly, it's now cheaper than coal, based on a new analysis.
A recent report from Lazard shows how the costs of producing electricity from various sources are changing. Energy from utility-scale solar plants — plants that produce electricity that feeds into the grid — has seen the biggest price drop: an 86% decrease since 2009.
The cost of producing one megawatt-hour of electricity — a standard way to measure electricity production — is now around $50 for solar power, according to Lazard's math. The cost of producing one megawatt-hour of electricity from coal, by comparison, is $102 — more than double the cost of solar.