The myth that a very high level of renewables can’t be integrated into the electric grid is being demolished by the clean tech and battery storage revolution. “By 2040, renewables make up 90% of the electricity mix in Europe, with wind and solar accounting for 80%,” predict the experts at Bloomberg New Energy Finance (BNEF) in their annual energy outlook released this week. “Cheap renewable energy and batteries fundamentally reshape the electricity system,” explains BNEF. Since 2010, wind power globally has dropped 49% in cost. Both solar and battery prices have plummeted 85%.
Think Progress 21st June 2019 read more »