Renewable costs in Asia rise, but still close in on Fossil Fuels!
While renewable power in Asia Pacific was also hit by cost inflation last year, it managed to gain competitiveness against fossil fuel power, Wood Mackenzie said this week. Amid a power crisis caused by high demand and supply chain tightness, costs of coal and gas power rose by 19% and 46% respectively, the analyst firm estimates. At the same time, the average levelised cost of electricity (LCOE) for new so ...
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