Lower wind and solar prices to usher speedier adoption

Lower wind and solar prices to usher speedier adoption



Rapid recent solar and wind price falls are likely to bring new markets and mass adoption a step closer over the next decade and raise the prospects of mergers.

The financial crisis coupled with a ramp-up in China, which now leads the world wind and solar manufacturing, have led to over-capacity and pressured prices in the past three years.

Natural gas is the main fossil fuel rival and still wins on price after U.S. shale gas finds created a global glut.

Source: Lower wind and solar prices to usher speedier adoption