Cost of renewables to continue falling in 2025 as China extends manufacturing lead. Trend in cost reductions is so strong that nobody will be able to halt it.
https://about.bnef.com/blog/global-cost-of-renewables-to-continue-falling-in-2025-as-china-extends-manufacturing-lead-bloombergnef/
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“The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. … new wind and solar farms are already undercutting new coal and gas plants on production cost in almost every market globally. … the levelized cost of electricity for clean technologies to fall 22-49% by 2035.”
Trump sure is going to try to the detriment of everyone. Clean Energy is his white whale and he wants to invest in coal instead
I know somebody capable to halt it. His name is Tariff.
So glad that the U.S. continues to regress. Won’t be long until China has an insurmountable lead in everything. Thank you, to Trump and the greedy Republicans. Your unquenchable thirst for personal wealth is going to be the downfall of our great country. You continue to line your own pockets while neglecting the welfare and future of The United States.
The future is in energy and we’re going to be decades behind China and the rest of the world because people are too scared of change. The future is not in coal or oil.
Am I reading this right? 22-49% cost fall by 2035 = 22 – 49% electric cost falls for grids that fully move across?
And that accounts for neither being kicked in the arse by further fossil instability or better than expected improvements.
Imagine the sheer impact halving electric prices will have. Likely as great an impact on economics as something like AI.
That by itself will kill the kind of resistance people like Trump represent.
Meanwhile UK are about to increase energy prices…. Again
Good thing we’re lagging behind, wouldn’t want to be a part of the future or anything.
I live in US and Pakistan, installed solar system myself at my home in Karachi.
The cost is about $7000 for 20kw panels and 20kwh batteries. It’s more than enough for a single family.
The price of equipment has dropped almost 50-75%% in the last 2-3 years (batteries, panels). I dont know why we dont see that drop in US. Electricity was more expensive than Illinois where I live but now after the investment it’s free.
Electric cars aren’t coming too. In the near future probably within 10 years I guess cost of transportation will drop dramatically as people will shift to electric vehicles.
Of course clean energy is the future. Going with China isn’t, however. That’s why we need many more alternatives to their products.
Does anyone else get a funny feeling about any enterprise coming out of China? Like a sort of deal with the Devil or monkey paw wish that will cost us everything in the long run?
I honestly think that people should double-check any deal they make in which the communist government may be involved.
Remember that Covid started in their country and their secrecy about it could have literally killed us all. How many months earlier would the vaccines had been made available if their government wasn’t a dystopian organization paranoid about any potential loss of control?
P.S. I don’t trust the current US government much either, but I’m less afraid of them because they seem stupid.
Biggest economic growth sector in history. And we missed it… because of Republican corruption.
With the us plunging into an anti science regime this will be the Chinese century.
except in america where silly people run the show and only want coal and oil