Solar
PV and onshore wind are now the cheapest sources of new-build generation for at
least two-thirds of the global population. Those two-thirds live in locations
that comprise 71% of gross domestic product and 85% of energy generation.
Battery
storage is now the cheapest new-build technology for peaking purposes (up to
two-hours of discharge duration) in gas-importing regions, like Europe, China
or Japan.
The
latest analysis by research company BloombergNEF (BNEF) shows that the global
benchmark levelized cost of electricity, or LCOE, for onshore wind and
utility-scale PV, has fallen 9% and 4% since the second half of 2019 – to $44
and $50/MWh, respectively. Meanwhile, the benchmark LCOE for battery storage
has tumbled to $150/MWh, about half of what it was two years ago.
For the
rest of the story visit: https://CheapestSourcesNewEnergy