Why Power Markets Tilt Toward Renewables Even With Cheap Oil
- Six charts show leverage for wind and solar in power market
- UN Environment Program and BNEF show tilt toward clean energy
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If you’re a power plant developer, chances are you’ll be selling renewables in a developing nation in the decades ahead -- even with fossil fuel prices bumping along historic lows.
That’s been the conclusion for some time of the International Energy Agency and independent researchers such as Bloomberg New Energy Finance. A report out Thursday from the United Nations Environment Program using BNEF data gives more statistical backing for the trends.