Most new wind and solar projects will be cheaper than coal, report finds

Almost two-thirds of renewable energy schemes built globally last year expected to undercut coal costsAlmost two-thirds of wind and solar projects built globally last year will be able to generate cheaper electricity than even the world's cheapest new coal plants, according to a report from the International Renewable Energy Agency (Irena).The agency found that the falling cost of new windfarms and solar panels meant 62% of new renewable energy projects could undercut the cost of up to 800 gigawatts (GW) worth of coal plants, or almost enough to supply the UK's electricity needs 10 times over. Continue reading...