Wind and Solar Are Crushing Fossil Fuels
Posted by Big Gav in renewable energy, solar power, wind power
Bloomberg has a report on the massive growth in renewable energy and the steady marginalisation of fossil fuels - Wind and Solar Are Crushing Fossil Fuels. The article notes that even with low oil, gas and coal prices, renewable energy investment has still powered ahead.
One reason is that renewable energy is becoming ever cheaper to produce. Recent solar and wind auctions in Mexico and Morocco ended with winning bids from companies that promised to produce electricity at the cheapest rate, from any source, anywhere in the worldThis last graph is interesting, showing how much power is generated in the UK from coal - things are almost back to where they were at the start of the industrial revolution.