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Thursday, July 31, 2014

In Two Years, Denmark's Wind Power Will Be Half the Cost of Fossil Fuels

Denmark's Energy Association (everything about Scandinavia is friendlier, even its DEA) announced the news last week, and it's an achievement worth highlighting. Wind and solar are achieving grid parity with fossil fuels—that is, it's just as cheap—in many places around the world. Even without the tax breaks, declining manufacturing costs and growing scale have rendered wind power just as cheap as natural gas in many states right here in the gas-rich US. And at least one analyst determined that this is the "beginning of the grid parity era" for solar, worldwide.

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