“Wind, solar and batteries are set to become far more deeply entrenched in the generation mix of almost every country than anyone has so far thought possible”: Seb Henbest, BNEF team leader.
“That is the headline message of the NEO 2018. In fact, we claim solar and wind have already won the race for cheap, bulk electricity – it just hasn’t finished playing out yet. In the report, we strip away policy drivers and show how economics alone might deliver a least-cost system filled with clean energy by the middle of the century. At its heart, NEO is a technology story. It is the story of a shift from resource economics and fuel extraction, to manufacturing, where large-scale production of thousands of small modular components in a competitive environment drives incremental innovation and dramatic cost declines.”
Fabulous stuff. But ….a prediction: another undershoot of ultimate reality. And maybe to be revised down as soon as next year! A comment most surely not to be interpreted as lack of appreciation of this team and its work.
Image: from article