In 2 years, renewables will be cheaper than fossil fuels

[applegrove]

https://www.weforum.org/agenda/2018/01/renewables-will-be-equal-or-cheaper-than-fossil-fuels-by-2020-according-to-research?utm_content=bufferf8b3b&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

"SNIP......

Brian Spaen Writer for Green Matters

The cost of renewable energy sources like wind and solar continue to fall drastically, and it was only a matter of time before they were cheaper than fossil fuels. The International Renewable Energy Agency (IRENA) believes that’ll happen by 2020 based on their new report. Prices could be as low as three cents per kilowatt-hour for onshore wind and solar photovoltaic projects over the next two years.

Across the board, average costs of producing renewable energy projects have been very competitive. Hydropower was the cheapest at five cents per kilowatt-hour, onshore wind at six cents, and bioenergy and geothermal sources at seven cents. Solar projects are still high in comparison at 10 cents per kWh, but that figure has dropped 73 percent since 2010. That’s led to residential systems being 67 percent cheaper.

Onshore wind has fallen by 23 percent in the same timeframe. Based on projects that have been auctioned and will be in development over the coming years, renewable energy will end up being competitive or even cheaper than fossil fuels by 2020. Auction prices for solar photovoltaic and onshore wind projects have reached a record-low three cents per kWh in places like Dubai, Mexico, Chile, Brazil, Canada, and Germany.

“Electricity from renewables will soon be consistently cheaper than from most fossil fuels,” the agency noted in their executive summary. “By 2020, all the renewable power generation technologies that are now in commercial use are expected to fall within the fossil fuel-fired cost range, with most at the lower end or undercutting fossil fuels.”


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[msongs]

1. bleak future for the coal crowd. coal will be just a backup of sorts nt

[ProudLib72]

2. Wait until tRump slaps a tariff on them

That seems to be the plan: reduce incentives for American green energy companies and place tariffs on foreign products. So this article may be true for the rest of the civilized world, but we will be resorting to steam driven everything fueled by king coal.