New Study Reaches a Stunning Conclusion About the Cost of Solar and Wind Energy – Think Progress
Article Synopsis – According to a yearly benchmarking study from financial firm Lazard Ltd., building and running new renewable energy is now cheaper than just running existing coal and nuclear plants in many areas, and the lifetime cost of new renewables is much cheaper than new coal and nuclear power. The study also points out that it’s more expensive to operate conventional energy sources in the developing world than it is in the United States, so the advantage renewables have over conventional sources is even larger in the rapidly growing electricity markets like India and China. To read the actual article click here.