Studies Show That Renewable Sources, Such as Solar and Wind Energy, Are Cheaper Than Previously Thought

Written by Roberta Souza

Published on 03/09/2020 at 10:14

Fontes de energia renovável – energia eólica e energia solar

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The British Government Reviewed Numbers and Concluded That the Price of Energy from Renewable Resources, Such as Solar and Wind Power, Is Nearly 50% Lower Than the Originally Calculated Price

Energy from renewable sources is already very competitive in the market. In fact, this year is considered by the sector a milestone in price shifts, meaning that clean energy generation has become equal to or cheaper than energy from fossil fuels. The UK government issued a report that offers a new perspective on this account. By considering the “normalized” cost of electricity, the price of solar and wind energy is much cheaper than previously thought, over the lifespan of a power plant.

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The research report was conducted by the Department for Business, Energy and Industrial Strategy (BEIS), which regularly makes forecasts on the subject. The cost of renewable energy has dropped dramatically, 47% less compared to four years ago. This means that, by 2025, wind farms or solar plants will be able to generate electricity at half the cost of natural gas thermal energy.

To reach this conclusion, the British government used an equation to “normalize” energy costs, taking into account the average value per megawatt over the life of the project. This way, different resources can be compared, such as renewable resources, natural gas resources, and nuclear energy resources.

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Studies Show That Renewable Sources, Such as Solar and Wind Energy, Are Cheaper Than Previously Thought

The British Government Reviewed Numbers and Concluded That the Price of Energy from Renewable Resources, Such as Solar and Wind Power, Is Nearly 50% Lower Than the Originally Calculated Price

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Studies Show That Renewable Sources, Such as Solar and Wind Energy, Are Cheaper Than Previously Thought

The British Government Reviewed Numbers and Concluded That the Price of Energy from Renewable Resources, Such as Solar and Wind Power, Is Nearly 50% Lower Than the Originally Calculated Price

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Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

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