19 May '17, 3pm

Renewable Energy Is Unstoppable, Declares Financial Times

Renewable Energy Is Unstoppable, Declares Financial Times

Pilita Clark, the author of the Financial Times story, has a cautionary tale for people in the United States. “Investors say important trends like this are obscured in countries where the existence of climate change is still so widely contested that the scale of the energy transition is under-estimated.” Clark ends by quoting Eddie O’Connor, CEO of Mainstream Renewable Power, an Irish wind farm developer. His company has just established record low prices for electricity in Chile. It easily beat providers of fossil fuel power,  even though all bids had to guarantee meeting electricity demand 24 hours a day. “Fossil fuels have lost,” O’Connor says. “The rest of the world just doesn’t know it yet.”

Full article: https://cleantechnica.com/2017/05/19/renewable-energy-uns...

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