One chart shows an energy revolution is coming — #auspol #qldpol #StopAdani

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.

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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

• 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.

• 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…

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2 thoughts on “One chart shows an energy revolution is coming — #auspol #qldpol #StopAdani

  1. It makes absolutely no sense to me, Rosaliene. But I also feel it’s time limited. The banks are starting to decline financing for long term fossil fuel projects. Which typically take 20-30 years to pay off. With the cost of renewables dropping so quickly they know they know these long term loans have little hope of being repaid.

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