Solar and Wind Plunging Below Fossil Fuel Prices

Asset management firm Lazard has a fascinating new analysis of renewable and other energy prices out.

There are a huge number of insights in this, from an outside analyst whose primary interest is financial. (Those are, in my mind, the most objective analysts in this space.)

First, the plunge in renewable prices continues, and over the last 5 years, wind has resumed its plunge as well. Their numbers show an average price decline over the last 5 years of 78% for utility scale solar and 58% for wind.

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