Hrvatski
In some parts of the world, solar power is now the cheapest source of electricity in history, thanks to policies encouraging renewable energy growth. That’s according to a new report released by the International Energy Agency (IEA).
Today, more than 130 countries have policies that lower the cost of building new solar installations. This is the first year that the IEA took such policies into consideration when calculating the cost of solar energy in its annual World Energy Outlook report. After doing so, their estimates of the cost of solar power fell by between 20 to 50 percent per region compared to last year.
Electricity demand is down now because of the pandemic, but the IEA expects that people’s appetite for electricity could rebound quickly once the pandemic is under control and the economy recovers. It also anticipates a future where solar power continues to grow at record-setting speeds to meet increasing consumer demands.
