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Wind, Solar Are Cheapest Power Source In Most Places, BNEF Says

  • Researcher’s forecasts show limits to the spread of renewables
  • In five years, renewables will be cheaper than existing gas
Suitors Chase EDP-Energias de Portugal SA's $8.5 Billion Renewables Unit
Photographer: Daniel Rodrigues/Bloomberg
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Wind and solar power are the cheapest form of new electricity in most of the world today.

That’s the analysis of BloombergNEF, which predicts a tipping point in five years when it will be more expensive to operate an existing coal or natural gas power plant than to build new solar or wind farms.