Make sure you get to the last chart - you might be surprised.

This week we wanted to combine three impressive graphs - the decline in Wind and Solar costs over the last 30+ years and then the equally (even more??) impressive growth in global annual installations of renewable energy capacity versus non-renewable capacity, since 2001. Did you know that last year - for the first time ever - the world installed more renewable than non-renewable, power generation capacity!

Source: US EIA Levelized Cost Analysis (multiple years), US DOE Wind Technologies Market Report (multiple years)               US White House, American Wind Energy Association

Source: US EIA Levelized Cost Analysis (multiple years), US DOE Wind Technologies Market Report (multiple years)
              US White House, American Wind Energy Association

Source:  Bloomberg New Energy Finance and pv.energytrend.com

Source:  Bloomberg New Energy Finance and pv.energytrend.com

Source: IRENA REthinking Energy 2014

Source: IRENA REthinking Energy 2014

Posted
AuthorJames Glennie