Cheaper than Coal February 15, 2013 : 2:51 PM

Globally, the price of renewables continues to drop relative to the price of coal:

“According to the latest research from Bloomberg New Energy Finance, electricity from wind power can now be supplied more cheaply in Australia than power from either coal or natural gas — and solar and other forms of renewable energy aren’t far behind.”

“Older coal-fired power plants from the 70s and 80s still compete at lower prices than renewables — but only because their construction costs have depreciated. For the deployment of any new power generation in Australia, renewables now appear to be the way to go.”

Source: Climate Progress