Solar is now the “Cheapest Electricity Source in History”

The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries. That is according to the International Energy Agency’s World Energy Outlook 2020. The 464-page outlook, published by the IEA, also outlines the “extraordinarily turbulent” impact of coronavirus and the “highly uncertain” future of global energy use over the next two decades.

Some of IEA’s findings:

  1. Renewable energy will overtake coal as largest energy source by 2025
  2. Solar power is 20-50% cheaper than thought
  3. Electricity generation from coal is lower than ever and will not recover from corona crisis

Read Carbon Brief’s full article here.

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