Solar Energy Could Become Cheapest Power Source

Back to
Today's News

According to a report from Bloomberg, solar energy could overtake coal as the cheapest power source during the next decade.

Bloomberg said countries such as Chile and the United Arab Emirates generated electricity for less than three cents a kilowatt-hour via solar means, which is half the average coast of coal power.

Bloomberg also noted that solar prices have fallen 62% since 2009.

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Frank Battista
Advertising: 800 708 9373 x120

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.