“The cost could be so near to zero it will effectively be free.”

Renewables growing at a rate that could soon compete with traditional power generation

#Environment

Wed, Aug 15th, 2018 11:00 by capnasty NEWS

With wind and solar becoming cheaper and cheaper it's only a matter of time before they'll become as viable as electricity produced using gas and coal. And just in time, too: with the signs of climate change sending warnings and with things only destined to get worse it's not only up to science to fix the problem but also based on on our choices.

But the same simple truth— that renewables could soon be cheaper than all the alternatives — is contributing to a wave of corporate action in the energy sector. Currently we count a dozen major European utilities (about half the names in the sector index) which have recently announced — or have been featured in the press — acquisitions, divestments or takeovers that could substantially reshape their business. The latest move was from Orsted, the offshore wind specialist, who announced last week they will acquire Lincoln Clean Energy, expanding their business into US onshore wind.

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