The cost of renewable energy continues to drop, but apparently some in the media can’t figure out how graphs work. Renewable costs have
not flattened out, they continue to decline.
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| Costs declines have flattened - Is that true? |
Last week I wrote a post on this remarkable graph from the
Department of Energy (DOE), which I deemed the chart of the year — clear
evidence of the rapid cost declines driving the ongoing clean energy
revolution.
Now you might think that anyone looking at this chart would
see the incredible story it tells, especially since it comes from the
newly-released update of a DOE report titled, “Revolution…Now: The Future
Arrives for Five Clean Energy Technologies.”
In fact, as Bloomberg New Energy Finance (BNEF) and others
have been explaining to the media and public for quite some time, these price
drops are projected to continue since they represent a learning curve, whereby
more deployment leads to more price drops.
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| Oh wait. Costs are actually continuing to drop. |
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