Tumbling Costs for Renewable Energy Helping Reduce Dependence on Fossil Fuels and Coal

Coal and gas are facing a mounting threat to their position in the world’s electricity generation mix, as a result of the continuous decrease in cost not just for wind and solar technologies, but also for batteries.

According to research from Bloomberg New Energy Finance (BNEF), fossil fuel power is facing an unprecedented challenge in all three roles it performs in the energy mix – the supply of ‘bulk generation’, the supply of ‘dispatchable generation’, and the provision of ‘flexibility.’

Published in Energy Manager Today, 28th March, 2018