Gas is not longer
only competing with coal but also with wind and solar power
Government subsidies have helped wind and solar get a foothold in global power markets, but economies of scale are the true driver of falling prices.
Unsubsidized wind and solar are beginning to outcompete coal and natural gas in an ever-widening circle of countries.
Clean energy installations broke new records worldwide in 2016, and wind and solar are seeing twice as much funding as fossil fuels.
Government subsidies have helped wind and solar get a foothold in global power markets, but economies of scale are the true driver of falling prices.
Unsubsidized wind and solar are beginning to outcompete coal and natural gas in an ever-widening circle of countries.
Clean energy installations broke new records worldwide in 2016, and wind and solar are seeing twice as much funding as fossil fuels.
Source : Indian PetroPlus
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