Renewables to win the price race by 2030?

A landmark government report shows wind and solar PV to be Australia’s cheapest electricity sources come the 2030s, with wind the leader by 2020. It highlights the potential for a clean energy transformation by 2050.

Canberra is catching up on the extent of solar and wind price declines, with a new report from the Bureau of Resources and Energy Economics forecasting wind and solar PV to be two of the cheapest power sources come 2030.

The Bureau engaged WorleyParsons to assist with the study – the Australian Energy Technology Assessment – into cost estimates for 40 electricity generation technologies and among the key findings was:

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