Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?
New U.S. Energy Information Administration (EIA) data predict solar and wind energy will dominate America’s new generation in 2020, making up 76% of new generation and adding 42 gigawatts (GW) of zero emission capacity, while coal and natural gas will dominate 2020 retirements with 85% of plant closures.
Global electricity production from coal is on track to fall by around 3% in 2019, the largest drop on record
This would amount to a reduction of around 300 terawatt hours (TWh), more than the combined total output from coal in Germany, Spain and the UK last year. The analysis is based on monthly electricity sector data from around the world for the first seven to 10 months of the year, depending on data availability […]