31 Aug '15, 12pm

Joint IEA-NEA report: Renewable sources can produce electricity at close to or even below the cost of new fossil f…

A new report, published by the International Energy Agency (IEA) and the Nuclear Energy Agency (NEA), provides the contrasting costs for different power generation technologies around the world in detail, and shows that renewable sources can produce electricity at close to or even below the cost of new fossil fuel-based power stations. The report “Projected Costs of Generating Electricity: 2015 Edition” also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources such as coal- and gas-fired power plants over the full lifetime of facilities when financing costs are relatively low. Significant price drop, especially for solar PV The report calculates the cost of producing electricity from different types of new power plants. Compared with the previous edition published five years ago, the study details a significant dro...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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