Some people have asked when the prices will stop falling. Their understanding is that the decline in price really is unpredictable, and they believe that no definitive answer can be made about what source of energy will be least expensive in the future. In some important ways, they are wrong. The declines are predictable, to a degree.
Fast-changing economics mean renewables worldwide will represent 34% of all installed capacity by 2030, according to a new report from the World Energy Council and Bloomberg New Energy Finance.
We’ve written about the issues in this post below a number of times (though, without specifically mentioning “experience curves”). But it’s an issue that deserves a lot more attention and Rob Day’s piece, reposted in full from Greentech Media, is an excellent one that really drives home the key … [continued]
