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Content Manager Solar Tribune

Founded in 2011, Solar Tribune is a news publication covering important developments in the renewable energy industry. We try to tell the “big picture” stories around key developments in the...

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  • Oct 30, 2020
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The International Energy Agency (IEA) recently released its annual World Energy Outlook, which made headlines for noting, for the first time, that solar power is now the cheapest source of electricity in history for most countries in the world.

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Bob Meinetz's picture
Bob Meinetz on Nov 1, 2020

Ryan, nowhere in IEA's World Energy Outlook does it say "solar power is now the cheapest source of electricity in history for most countries in the world."

Here's what it does say:

"With sharp cost reductions over the past decade, solar PV is consistently cheaper than new coal- or gas- fired power plants in most countries...".

As an intermittent, unreliable source of electricity, it's worth a lot less, too. I would say "You get what you pay for," but in every market in which it's been introduced, customers' rates have risen - it's worth a lot less than what you pay for. Why is that?

 

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