06 Jun '18, 6am

Renewables 'revolution' well under way - but governments must do better

The increasingly dynamic renewable power sector is enjoying "falling costs, increased investment, record-setting installation and new, innovative business models that are creating rapid change", according to the REN21 Renewables 2018 Global Status Report (GSR), published this week. Taken together, renewables accounted for an estimated 70 percent of net additions to global power generation capacity, up from 63 percent in 2016. "Thanks to years of active policy support and driven by technology advances, rapid growth and dramatic reductions in costs of solar photovoltaics (PV) and wind, renewable electricity is now less expensive than newly installed fossil and nuclear energy generation in many parts of the world", the report states. "In some places it is less expensive even than operating existing conventional power plants." Market prices Solar PV emerges in the report as th...

Full article: https://theecologist.org/2018/jun/06/renewables-revolutio...

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