> Looking to 2035, BNEF’s global benchmark LCOEs falls 26% for onshore wind, 22% for offshore wind, 31% for fixed-axis PV and almost 50% for battery storage.
Battery storage costs falling so dramatically is going to be huge. It's not just about utility-scale storage, think about the implications for microgrids and residential when paired with solar.
> New solar plants, even without subsidies, are within touching distance of new US gas plants. This is remarkable because US gas prices are only a quarter of prevailing gas prices in Europe and Asia.
I think this is the key metric from the article. Looking at the structure of energy contracts in the UK where providers are required to pay the price of the costlier energy supply just makes me think that whoever is bringing renewables online here will make a fortune as long as we keep using gas.
Original title "Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF" compressed due to title limit.
Battery storage costs falling so dramatically is going to be huge. It's not just about utility-scale storage, think about the implications for microgrids and residential when paired with solar.
> New solar plants, even without subsidies, are within touching distance of new US gas plants. This is remarkable because US gas prices are only a quarter of prevailing gas prices in Europe and Asia.
I think this is the key metric from the article. Looking at the structure of energy contracts in the UK where providers are required to pay the price of the costlier energy supply just makes me think that whoever is bringing renewables online here will make a fortune as long as we keep using gas.