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Wind and solar energy now cheapest forms of power in two-thirds of the world

Wind and solar energy are now the cheapest forms of power in two-thirds of the world, according to data compiled by BloombergNEF, but there remains a great divide between the wealthy and developing nations.

In its New Energy Outlook 2019, the research firm said the globe will be 50% powered by renewable energy by 2037, with countries such as Australia, Italy, Germany and the United Kingdom anticipated to reach the 50% mark by 2029.

However, developing countries such as India, Indonesia, Thailand and the Philippines will not reach the halfway mark until 2039 or later.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.