30 Sep '16, 11pm

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The Carbon Tracker Initiative (CTI) also concluded that the commitments made in Paris last year will turn the tide further in favour of clean energy. As such, investors who base their decisions on coal and gas continuing to be the cheapest source of electricity could be "deeply misguided", the experts claimed . They noted: "... the global averages with real world 2016 assumptions tell us that already the average LCOEs for solar and wind are lower than their coal and gas competitors." Previous studies have suggested that renewable energy has become more economically viable, but it has been extremely difficult to determine whether solar and wind power, for example, are actually cheaper. The team of financial specialists at the CTI therefore used LCOEs to provide an up-to-date picture of what has become a "confusing" energy debate. The study compares the power-generation cost...

Full article: http://www.windpowermonthly.com/article/1409075/renewable...

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