Is Renewable Power Really Cheaper Than Fossil Fuels? ...Middle East

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Is Renewable Power Really Cheaper Than Fossil Fuels?
source : OILPRICE ( Middle East ) () 7
Most new renewable power generation is now cheaper even than the cheapest existing coal-fired power plants as costs continued to fall in 2020, the International Renewable Energy Agency (IRENA) said in a new report on Tuesday. “Today, renewables are the cheapest source of power,” IRENA’s Director-General Francesco La Camera said in a statement, while the agency is urging countries “to power past coal.” The new renewable projects added last year alone could save emerging economies up to US$156 billion over their lifespan,…

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