Gallery: Report Finds Renewable Energy is Cheaper Than Gas and Coal in ...

 

In the wake of soaring temperatures that made it impossible for some residents in the Australian outback to pump gas, good news is finally coming to the energy market Down Under. A report by Bloomberg New Energy Finance (BNEF) found that unsubsidized renewables are now cheaper sources of electricity than newly built gas or coal plants. The team also projected that new wind farms could supply electricity at $80 MWh compared to $143 MWh for coal and $116 MWhr for new gas-fired plants. The rates account for carbon emissions, but even without CO2 numbers wind would still be 14% cheaper than new coal and 18% cheaper than new gas.

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1 Comment

  1. jduster February 10, 2013 at 1:34 am

    Thought ya’ll that read this blog might like my Kickstarter project around an Environmentally sensitive comic strip.
    Jim Duster, Austin, TX
    Project url:

    http://www.kickstarter.com/projects/1675345456/earth-and-the-moon-comic-a-day-for-a-year?ref=email

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