Wednesday, February 28, 2018
Studies show that onshore wind and utility-scale solar photovoltaic (PV) cell technology are now the cheapest form of electricity generation in many regions, supporting their expansion at the expense of fossil fuels and nuclear power.
- Rising renewables capacity will displace fossil fuel power in oil and gas producing countries, underpinning their ability to export.
- Renewables will displace fossil fuel demand in oil and gas importing countries, reducing pollution and increasing consumer choice.
- Solutions will emerge to the lower reliability of renewables but initially it will boost gas-fired power.