Business
Solar power is now “cheapest electricity in history”, says IEA – RenewEconomy
The IEA has finally twigged that solar is much cheaper than it thought – in fact, up to 50% cheaper than its estimates of just two years ago.
The International Energy Agency has often been mocked for its poor assessment of the potential of solar power, both in terms of deployment and cost reductions, and it is still is. But now, even the IEA has conceded that solar power is low cost, in fact it is now “the cheapest electricity in history.”
This extraordinary admission was included in the 2020 version of its annual reference tome, the World Energy Outlook – a must read for energy wonks and the energy industry, even if its interpretati…
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