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Business Standard: Renewables least cost option in India, Denmark, Egypt

The renewable cost is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries.
08.06.17 | Interesting article at Business Standard

Renewables are becoming the least cost option in India, Denmark, Egypt, Mexico, Peru and the United Arab Emirates, a global multi-stakeholder renewable energy policy network said on Wednesday.

It said record power capacity of 161 gigawatts (GW) added globally and that these countries saw renewable electricity being delivered at $0.05 per kilowatt-hour or less.


The renewable cost is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries, said REN21, the global renewable energy policy multi-stakeholder network located at the United Nations Environment Programme (UNEP) in Paris.

It released its "Renewables 2017 Global Status Report", the most comprehensive annual overview of the state of renewable energy.

Global additions in installed renewable power capacity set new records last year, with 161 GW installed, increasing total global capacity by almost nine per cent over the previous year, to nearly 2,017 GW.