POSITIVE ENERGY
SOLAR NOW “CHEAPEST ELECTRICITY IN HISTORY”
The International Energy Agency has declared solar power to be “the cheapest electricity in history,” in the newly released 2020 version of its annual World Energy Outlook.
The WEO2020 – which also includes for the first time, a scenario that is broadly consistent with Paris climate targets – puts the cost of capital of wind and solar as low as 2.6 per cent in Europe and the US, and far below its previously assumed range of 7-8 per cent. This means solar can now be produced “at or below” $US20
