✉news EnvironmentEnergy first seen 9 h ago, last 6 h ago, peak #23
Solar now cheaper than fossil fuels in emerging markets
Original: In emerging markets, solar now beats fossil fuels on upfront costs, and financing is cheaper too
Solar power has overtaken fossil fuels in emerging markets, costing less upfront and attracting cheaper financing. Analysts say the shift marks a turning point for energy investment in developing economies, where lower capital costs for solar projects are accelerating the move away from coal, oil and gas and drawing new interest from lenders and investors.
Why now: Falling solar costs and cheaper financing signal a major shift in global energy investment toward emerging markets.
emerging marketssolar powerfossil fuel industry
Evidence
- In emerging markets, solar now beats fossil fuels on upfront costs, and financing is cheaper too · The Cool Down
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