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SHRED

(28,136 posts)
Sat Dec 17, 2016, 06:17 PM Dec 2016

Solar has become the most cost effective electricity source [View all]

We have reached the turning point. Solar is the cheapest electricity source in the world now.

I realize the incoming Administration appointees are oil and coal invested special interests. My hope is they do the fiscal conservative thing and spend our tax dollars wisely helping solar rather than squander our taxes on poisonous petroleum based fuels for electricity production.


"A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance."


https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind
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