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clean, cost, electricity, energy, power, price, renewables -

New solar and onshore wind energy facilities have now reached parity with average wholesale prices in many places around the world.That’s according to Bloomberg New Energy Finance (BNEF), which says the renewable energy sources can now generate electricity at a cost equal to or lower than wholesale prices in California and parts of Europe.It also notes their levelised costs are now below the average regulated coal power price in China and highlights its own global benchmark levelised cost figures for onshore wind and solar projects financed in the last six months totalled $47/MWh (£36.5) and $51/MWh (£39.6) respectively.   This...

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clean, electricity, low carbon, power, renewable, UK -

The UK is now the seventh most attractive destination in the world for investment in renewable energy.That’s according to the 54th EY Renewable energy country attractiveness index, which shows the UK has moved up one place in the rankings as Japan moved down into eighth positionThe report ranks 40 countries on the attractiveness of their renewable energy investment and deployment opportunities – it notes despite investment into certain parts of the UK economy having stalled as a result of Brexit uncertainty, investor support for renewables is still increasing.EY cites the fact the winning bidders in the UK’s latest Contracts for...

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