
The majority of new renewable projects will be cheaper than coal
Even the most efficient and cheapest coal projects around the world cannot compete with renewable energy projects. That is the International Renewable Energy Agency (IRENA) finding that released a report that showed that 62 per cent of renewable energy projects installed in 2020 would produce more affordable power than any coal project in the world. The report covered wind and solar installation and showed that new renewable energy sources could undercut the cost of up to 800GW of coal plants, which is enough to power the UK ten times over. IRENA director-general Franceso La Camera said this latest research proved