Power & Energy | |
Power & Energy | |
983 VIEWS | |
![]() |
Friday,
September 20, 2019 / 06.58AM / By AngelList
/ Header Image Credit: ISRAEL21c
The price of solar and wind power has fallen so
dramatically that, for the first time in history, many subsidies are no longer
necessary, according to a new report from Bloomberg.
For years, one of the most prominent criticisms
of renewable energy has been its economics -specifically, that most renewable
energy initiatives were too expensive to exist without government subsidies.
Now, that argument seems to be invalid, as the cost of wind and solar energy
have dropped 50% and 85%, respectively, since 2010.
Decades of subsidized research and development
have fueled this reduction in price, and now, the economics are right for
startups to enter the field and make some noise. We're already seeing it
happen.
At the end of August, BBOXX, a British startup that sells
plug-and-play solar power systems to consumers, raised a $50 million Series D.
Energy Vault, a Swiss startup developing new batteries for eff
Credits
The article, Cleantech is coming of age first appeared in AngelListy
Weekly on Friday, 20 September 2019.
Related
News
1. Cost-reflective
Electricity Tariffs Set To Take Effect in July 2020
2.
FG Mulls
Repossession Of Discos
3.
Siemens
Agreement: Game Changer or Same Old Story?
4.
Senegal: 2 X
Solar PV Projects Totaling 60MW Reach Financial Close
5.
Eskom To Receive
Extra $4.2bn Allocation For Its Operations
6.
Kenya Launches
Africa's Largest Wind Power Plant, Plans To Go 100% Green Energy by 2020
7.
Clean Energy,
Still Scratching The Surface
8.
Improving
Electricity Supply For Consumers in Nigeria - Babatunde Irukera, CEO FCCPC
9.
FCCPC Engages
Electricity Consumers in Maiden TownHall Meeting in Ikeja, Lagos
10.
FCCPC To Host
Town Hall Meetings With Electricity Consumers in Lagos
11.
Zenith Bank
Achieves Feat as First Nigerian Bank To Consecutively Audit Its Carbon
Emissions
12.
The Dirty Truth
About Silicon Solar Cells
13.
IEA: Renewables
Growth Is Stalling
14.
Clean Energy In
The Policy Mix; Renewables To Account For 16% Of Total Energy Generated By 2030