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Decrease in Renewable Energy Costs May Serve as an Accelerator for Clean Energy Expansion

WInd farm in CHina
A wind energy farm in China
A wind energy farm in China

The costs for solar photovoltaics, wind, and battery storage have dropped markedly since 2010. A new study led by Stony Brook University and Lawrence Berkeley National Laboratory analyses the cost of renewable energy in China and reveals that costs are projected to decline further, thereby bringing new possibilities for the widespread penetration of renewable energy and extensive power-sector decarbonization. The findings, published in Nature Communications, may serve as a model for the United States and worldwide illustrating that decreases in renewable costs may help drive clean energy growth.

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