Production Cost Of Renewable Energy Now ‘Lower’ Than Fossil Fuels

This article discusses the cost of renewable energy and fossil fuel-generated power.

For the first time in history, the production cost of renewables is lower than that of fossil fuels, an industry asset manager has claimed.

In a recent note to its clients, Hamburg, Germany-based Kaiserwetter Energy Asset Management, wrote that its “internal analysis” – based on data from Bloomberg, The Frankfurt School, Renewable Cost Database of the International Agency for Renewable Energy (IRENA) and UN Environment – puts fossil fuels generated energy costs in the range of $49 and $174 per MWh (Megawatt hours) in G20 energy markets in 2017.

Comments are closed.