The cost of producing solar power is rapidly declining: it now costs $US50 to produce one megawatt-hour of solar power, according to a new analysis. Coal, on the other hand, costs $US102 per megawatt-hour to produce.
One simple chart shows why an energy revolution is coming — and who is likely to come out on top
Jeremy Berke May 9, 2018, 2:18 AM
• Coal, on the other hand, costs $US102 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.
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