There’s a transformation happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.
Cheap oil and gas couldn’t stop another record year for renewables, or a turning point for energy investment.
The sun and the wind continue to defy gravity.
Renewables just finished another record-breaking year, with more money invested ($329 billion) and more capacity added (121 gigawatts) than ever before, according to new data released Thursday by Bloomberg New Energy Finance.
This wasn’t supposed to happen.