Feb 7, 2022
Solar makes more financial sense than coal
The authors of the peer-reviewed study from the University of Surrey in the UK point out that even if no other argument, such as fighting climate change, is accepted for the switch from fossil fuels to renewables, then economics should be reason enough to embrace clean energy....
Ravi Silva, director of the Advanced Technology Institute at the University of Surrey and co-author of the study,
said:
Electrek’s Take
Of course, solar needs to be balanced with other sources of clean energy, such as wind and hydro, and battery storage is an essential part of the mix to regulate supply and demand. But what’s overwhelmingly clear is that coal – and indeed, fossil fuels in general – are not only bad for the environment, they’re also a terrible financial choice. That’s the main thrust of this study..
Electricity sourced from solar is cheaper than sourcing it from coal-fired power plants on a global scale, according to a new study.
electrek.co