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Showing results for tags 'solar power'.
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According to the Bloomberg New Energy Finance outlook, solar power is becoming increasingly affordable and in just a few years it could be cheaper than coal and even natural-gas plants, almost everywhere around the world. This means that solar power is going to kill fossil fuels much faster than we have previously thought. And it is not just solar power that is becoming an increasingly cheap energy source. Even in developing countries, like China and India, solar power is expected to start providing cheaper electricity as soon as the early 2020s. “These tipping points are all happening earlier and we just can’t deny that this technology is getting cheaper than we previously thought,” said Seb Henbest, a researcher at BNEF in London and lead author of the report. Even the cost of offshore wind farms are bound fall, the report concludes. There's no doubt about it: renewable energy is the future!