Renewable energy, led by solar power, could make up 80% of the growth in electricity generation over the next decade, according to a report published Tuesday.
The International Energy Agency said it is now consistently cheaper to generate electricity by
Solar photovoltaic cells are now one of the cheapest sources of electricity in history thanks to maturing technologies and policies that have reduced the cost of investments, the Paris-based agency said. Photovoltaic systems can be installed as panels on homes or businesses, as well as deployed at solar parks.
The agency’s report lays out three scenarios for the future development of global energy markets, which have been roiled by the coronavirus pandemic. While fossil fuels face a precarious future, the prospects for renewable sources of power generation range from “strong to spectacular,” with solar leading the charge…
Source: CNN