Solar to power ahead as it emerges as ‘cheapest’ source of generation

World News: . []

The World Energy Outlook 2017, released by the International Energy Agency (IEA) in London on Tuesday, presents a base case scenario that foresees the world’s growing energy needs being met first by renewables and natural gas over the coming 25 years, as “coal strikes out” and nuclear’s prospects dim. This main case, referred to as ‘New Policies Scenario’, anticipates that renewables will capture two-thirds of global investment in power plants to 2040, as they become the least-cost source of new generation for many countries. Since 2010, costs of new solar photovoltaics (PV) have fallen by 70%, while wind cost have declined by 25%.

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