Solar energy becomes more accessible to the public and drops by more than 89% in value, according to University of Oxford

Solar energy on the rise in Brazil and the world – University of Oxford records drop in values

It is known that solar energy has enormous potential, and is considered inexhaustible from the human point of view, recently the University of Oxford recorded a drop in market prices. It is a renewable, alternative and sustainable energy. It does not generate waste, thus being considered clean, without harm to the environment, and makes it cheaper.

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The price of solar energy over 10 years has dropped by 89% according to the University of Oxford, the price of renewable energy has been falling rapidly, is what shows Our World in Data, which is an online scientific publication , in partnership with the University of Oxford.

A report last year by the non-profit organization Rocky Mountain Institute had already indicated that it was much cheaper and more viable to build and combine renewable energies such as solar and wind, than to build new plants based on natural gas. And now, that 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 by Carbon tracker, also pointed out that in each of the world's energy markets, it is cheaper to invest in renewable energies, such as solar energy, than to invest in coal.

According to Carbon, in 10 years, it has been seen that the price of solar power generation has dropped by around 89%, that of wind power has dropped by around 70%, thus indicating that clean energy has already passed its tipping point.

In comparison between 2009 and 2019, Our World in Data together with the University of Oxford shows a decrease of more than US$ 350 per megawatt

In a comparison carried out by Our World in Data, in partnership with the University of Oxford, on the price of electricity from new plants between 2009 and 2019, a graph from Our World in Data shows how the price of solar PV plummeted from US$ 359 per megawatt hour to $40, the cheapest of any energy option studied.