The rapidly falling cost of renewable energy and batteries is "chilling" for the future of the fossil fuels sector, raising doubts about the viability of new coal power stations.
 |
| The combination of batteries and wind farms is providing more power flexibility. |
A Bloomberg New Energy Finance report has found the price of renewables has fallen by almost a fifth over the last year, with wind and solar generators becoming cheaper than both coal and gas-fired power stations.
Elena Giannakopoulou, head of energy economics at BNEF, said the rapidly falling cost of renewable generation and battery power is changing the game for the electricity sector.
"The conclusions are chilling for the fossil fuel sector," she said.
Read Cole Latimer’s story from The Sydney Morning Herald - “Falling renewable costs 'chilling' for fossil fuels.”
No comments:
Post a Comment