Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.
And further falls in technology will see the two leading forms of renewable energy powering nearly half of the global grid by 2050 and attracting $9.5 trillion in new investment between now and then.
Those are two of the headline findings from the latest New Energy Outlook report from BloombergNEF (BNEF), which was unveiled yesterday and compares the costs of competing energy technologies through a levelized cost of energy analysis.
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