Battery cost-down will mean wind and PV at a combined 50% of global power by 2050: BNEF

New Energy Outlook 2018: Analysts forecast LCOE of new PV down a further 71% by 2050 and onshore wind 58%, fueling 15x growth in PV by then and 6x in wind.

Though this is solid growth by any standards, it won’t be anywhere near enough to achieve Paris targets. We have to hope that exponential effects kick in in the way that Silicon Valley gurus expect.

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