Solar is now the cheapest energy in history

According to the IEA, PV technology is cheaper than coal and gas in most countries. In fact, the sinking cost of solar has caught even the authors of the report by surprise, which has led them to revise some of their earliest forecasts.

ZME Science: Solar is now the cheapest energy in history

We’re just not out of the woods yet, as far as our reliance on fossil fuels is concerned and a lot more ambitious action is required of us.

ZME Science: Solar is now the cheapest energy in history

“Renewables are by far the cheapest form of power today,” said IRENA director-general Francesco La Camera. “Renewable power frees economies from volatile fossil fuel prices and imports, curbs energy costs and enhances market resilience – even more so if today’s energy crunch continues,” he added.

ZME Science: Solar is now the cheapest energy in history