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Solar and Wind Just Passed Another Big Turning Point

It has never made less sense to build fossil fuel power plants.
A Duke Energy Corp. Coal Fired Power Plant
Photographer: Luke Sharett/Bloomberg

Wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies, according to a new analysis by Bloomberg New Energy Finance (BNEF). It's the first time that threshold has been crossed by a G7 economy.