World's Cheapest Energy Source Will Be Renewables Within Three Years (qz.com)

Morgan Stanley researchers predict renewable energy will become the world's cheapest form of power within three years. An anonymous reader quotes Qz: Renewable energy is simply becoming the cheapest option, fast... "We project that by 2020, renewables will be the cheapest form of new-power generation across the globe," with the exception of a few countries in Southeast Asia, the Morgan Stanley analysts said in a report published Thursday... Globally, the price of solar panels has fallen 50% between 2016 and 2017, they write. And in countries with favorable wind conditions, the costs associated with wind power "can be as low as one-half to one-third that of coal- or natural gas-fired power plants." Innovations in wind-turbine design are allowing for ever-longer wind blades; that boost in efficiency will also increase power output from the wind sector, according to Morgan Stanley.
The researchers also predict America will reach its Paris Climate Accord targets in 2020 -- five years early -- simply because renewables are already becoming the cheapest option for power.

Comments

Coal Is Already Cheap

[Anonymous Coward]

And renewable. Once us humans kill oirselves off, we'll have a whole new batch of coal in another 300 million years.

Re: Coal Is Already Cheap

[Anonymous Coward]

"upgrading to coal from electric"

Making America Great Again

Remember, in Supply and Demand, Supply comes first

[darthsilun]

Rick Perry says if we put the coal out there, the demand for it will follow.

(What do you want from a guy who got his degree in Animal Science?)

Never mind that Natural Gas is cheaper. I have a choice when I buy my electricity. Up to now I've been buying from a utility that produces more from renewables – just because it's more expensive, not because it comes from renewables. Now that coal is the more expensive option I'll switch to that. It costs more, it's got to be better, right?

Re: Remember, in Supply and Demand, Supply comes f

[bestweasel]

degree in Animal Science

Might be quite useful in the Republican Party.

Re:bullshit

[h33t l4x0r]

I live outside of the US and I can get a 100W panel for less than $100 so I guess the US is subsidizing solar in other countries too.

That is a three times improvement.

[140Mandak262Jamuna]

All these renewables have always been just one decade away from the market. Now a days they are just three years out. Great improvement. In just 50 years they will be 1 year away.