TodayEco.com

28 Mar '18, 5pm

TUMBLING COSTS FOR #WIND, #SOLAR, BATTERIES ARE SQUEEZING #FOSSILFUELS.

Coal and gas are facing a mounting threat to their position in the world’s electricity generation mix, as a result of the spectacular reductions in cost not just for wind and solar technologies, but also for batteries – according to research from Bloomberg New Energy Finance (BNEF). BNEF’s latest report on the levelized costs of electricity, or LCOE, for all the leading technologies finds that fossil fuel power is facing an unprecedented challenge in all three roles it performs in the energy mix – the supply of ‘bulk generation’, the supply of 'dispatchable generation', and the provision of ‘flexibility’. In bulk generation, the threat comes from wind and solar photovoltaics, both of which have reduced their LCOEs further in the last year, thanks to falling capital costs, improving efficiency and the spread of competitive auctions around the world. In dispatchable power – ...

Full article: https://www.altenergymag.com/story/2018/03/tumbling-costs...

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