29 Oct '14, 2pm

Poor Nations Go for Solar, Wind at Twice the Pace of Rich Ones

The boom in renewables is often made for economic reasons, Ethan Zindler, a Washington-based Bloomberg New Energy Finance analyst, said in an interview. An island nation like Jamaica, where wholesale power costs about $300 a megawatt-hour, could generate electricity from solar panels for about half as much. Similarly, wind power in Nicaragua may be half as expensive as traditional energy. “Clean energy is the low-cost option in a lot of these countries,” Zindler said by telephone. “The technologies are cost-competitive right now. Not in the future, but right now.” Climatescope was developed two years ago by Bloomberg New Energy Finance, the Multilateral Investment Fund of the Inter-American Development Bank Group and the U.K. Government Department for International Development to track clean energy in 26 Latin American and Caribbean nations. This year’s report includes 19 ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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Poor Nations Go for Solar, Wind at Twice the Pa...

renewableenergyworld.com 29 Oct '14, 2pm

The boom in renewables is often made for economic reasons, Ethan Zindler, a Washington-based Bloomberg New Energy Finance ...

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@drgrist

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