The cost of producing solar power is rapidly declining: it now costs $50 to produce one megawatt-hour of solar power, according to a new analysis. Coal, on the other hand, costs $102 per megawatt-hour to produce. This recent change could be a sign that the world is on the verge of an energy revolution. The cost of solar power is decreasing so rapidly, it’s now cheaper than coal, based on a new analysis. A recent report from Lazard shows how the costs of producing electricity from various sources are changing. Energy from utility-scale solar plants — plants that produce electricity that feeds into the grid — has seen the biggest price drop: an 86% decrease since 2009.
IFL science 12th May 2018 read more »
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