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Showing Original Post only (View all)One Simple Chart Shows Why An Energy Revolution Is Coming - And Who Is Likely To Come Out On Top [View all]
The cost of producing solar power is rapidly declining: it now costs $50 to produce one megawatt-hour of solar power, according to a new analysis.
Coal, on the other hand, costs $102 per megawatt-hour to produce.
This recent change could be a sign that the world is on the verge of an energy revolution.
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.
http://www.iflscience.com/environment/one-simple-chart-shows-why-an-energy-revolution-is-coming-and-who-is-likely-to-come-out-on-top/
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One Simple Chart Shows Why An Energy Revolution Is Coming - And Who Is Likely To Come Out On Top [View all]
Quixote1818
May 2018
OP
Excellent! I've got all energy star appliances and a well-insulated house. I'm looking forward
diane in sf
May 2018
#10
Where's that snide one who always shows up all contemptuous of reports like this?
NBachers
May 2018
#11
President Jimmy Carter put us on that path - Reagan, of course, kicked us off it.
NBachers
May 2018
#15