13 Apr '18, 4pm

BNEF: Plummeting Solar, Wind And Battery Costs Are Threatening Fossil Fuels - Solar Industry

As a result of the spectacular reductions in cost for wind, solar and battery technology, coal and gas are facing a mounting threat to their position in the world’s electricity generation mix, according to new research from Bloomberg New Energy Finance (BNEF). BNEF’s latest report on the levelized costs of electricity (LCOE) for the 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, the report says. In dispatchable power – the ability to respond to gr...

Full article: https://solarindustrymag.com/bnef-plummeting-solar-wind-a...

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