Thursday, January 17, 2013

Cost of Renewable Energy Falling

http://www.power-eng.com/news/2013/01/16/international-renewable-energy-agency-falling-renewable-energy-costs-provide-wake-up-call-to-policy.html
Renewable energy has entered into a new virtuous cycle of falling costs, increasing deployment, and accelerated technological progress, a ground-breaking report by the International Renewable Energy Agency has found.
The cost of solar energy, for example, has dropped below the cost of diesel generation worldwide for communities living away from the electricity grid. 
The public debate around renewable energy, however, continues to suffer from an outdated perception that renewable energy is not competitive, forming a significant and unnecessary barrier to its deployment.