Solar and wind energy start to win on price vs. conventional fuels

Solar and wind energy start to win on price vs. conventional fuels

In the United States the cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so that in some markets renewable generation is now cheaper than coal or natural gas.

 Experts and executives caution that the low prices do not mean wind and solar farms can replace conventional power plants anytime soon. According to the Solar Energy Industries Association, the main trade group, the price of electricity sold to utilities under long-term contracts from large-scale solar projects has fallen by more than 70 percent since 2008, especially in the Southwest.

Source: The New York Times

Date: November 2014

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