Solar Could Be A Cheaper Power Source Than Coal Within A Decade

20 Jan 2017   Solar

Coal already faces tremendous competition in the U.S. from low cost natural gas, and pressure from environmentalists concerned about its pollution. The last thing the coal industry needs are more problems. But when it rains it pours… or in this case when it’s sunny the solar industry looks to rain on coal. Coal cost an average of roughly $0.06 per kWh globally which makes it the cheapest power source on average around the world. (Natural gas is much more expensive outside the U.S.) Solar is looking to usurp the title of cheapest power source though. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. This year Saudi Arabia, Jordan, and Mexico are poised to hold auctions and tenders which could see solar generation prices […]

Tags:

Comments are closed.