Race Between Declining Costs of Wind, Solar Power, and Falling Market Value
According to recent research, there is a good chance that renewables market values will drop as penetration levels rise
July 2, 2021
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The world is steadily embracing renewable energy, with wind and solar energy making up a large share of power generation. With the supply of these resources increasing, the value of electricity during sunny and windy hours is declining in relation to the average value of electricity. The overabundance of electricity supply drives down hourly power prices, especially in regions where wind and solar make up a large share of power generation.