Solar Energy Becomes More Accessible to the Public and Registers a Drop of Over 89% in Value, According to the University of Oxford

Solar Energy Rising in Brazil and Worldwide – University of Oxford Reports Drop in Prices

It is known that solar energy has enormous potential, and it is considered inexhaustible from a human perspective. Recently, the University of Oxford reported a drop in market prices. It is a renewable, alternative, and sustainable energy source. It does not generate waste, thus being considered clean, without harming the environment, and makes it cheaper.

Read Also

• UFRJ Offers 500 Job, Internship, and Trainee Positions for Engineers Until Thursday (10/12)
• Job Opening for Occupational Safety Technician to Work in Rio de Janeiro
• Ocyan Donates Material for the Manufacture of Masks Against the New Coronavirus
• Anglo-Dutch Oil Multinational Shell Registers Three Solar Plants in Minas Gerais
• Ibama Will Demand Explanations from Shell Regarding Oil Barrels on Sergipe Beaches

The price of solar energy over the past 10 years has dropped by 89%, according to the University of Oxford. The prices of renewable energy have been declining rapidly, as shown by Our World in Data, which is an online scientific publication in partnership with the University of Oxford.

A report from last year by the nonprofit organization Rocky Mountain Institute had already indicated that it was much cheaper and more feasible to build and combine renewable energies like solar and wind than to construct new plants based on natural gas. And now, such a decline is much more noticeable.

According to Carbon Tracker, it is Cheaper to Invest in Renewable Energy (Solar Energy) Than in Coal

In a report from Carbon Tracker, it was also emphasized that in each of the world’s energy markets, investing in renewable energies, such as solar energy, is cheaper than investing in coal.

According to Carbon, in the past 10 years, it was observed that the price of solar power generation has dropped by about 89%, and wind energy by around 70%, thus indicating that clean energy has already surpassed its critical point.

In Comparison Between 2009 and 2019, Our World in Data Together with the University of Oxford Shows a Drop of Over US$ 350 per Megawatt

In a comparison conducted by Our World in Data, in partnership with the University of Oxford, regarding the price of electricity from new plants between 2009 and 2019, a graph from Our World in Data shows how the price of photovoltaic solar energy plummeted from US$ 359 per megawatt-hour to US$ 40, the cheapest of any of the energy options ever studied.