Wednesday, 25 April 2018

Production Cost Of Renewable Energy Now 'Lower' Than Fossil Fuels

Source: Forbes, 24th April 2018, Gaurav Sharma (Contributor)

Gaurav Sharma reported, "For the first time in history, the production cost of renewables is lower than that of fossil fuels, an industry asset manager has claimed. (...) Hanno Schoklitsch, Chief Executive Officer of Kaiserwetter, said: “We are in a scenario in which renewable energy is already less expensive than conventional energy. From now on, the digital platforms that use the Internet of Things (IoT) and Smart Data will be the next key factor to achieve the objectives of the Paris Climate Agreement and attract more investors. ” (...)"

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