Powering The Solar Revolution – $UGE18 June 2018
According to a recent article in the Wall Street Journal by Russell Gold, renewable energy is outpacing investment in electricity from coal, natural gas, and nuclear power mainly because of the costs of producing solar and wind power have come down significantly in recent years. “In 2016, the latest year for which data is available, about $297 billion was spent on renewables—more than twice the $143 billion spent on new nuclear, coal, gas and fuel oil power plants, according to the IEA. The Paris-based organization projects renewables will make up 56% of net generating capacity added through 2025.” The article goes on to say that, “About 17% of the country’s electricity last year came from renewable sources, including wind, solar and hydroelectric dams, according to federal data. The government said that just under half of large-scale power generation added was renewable last year.” One company riding that momentum is UGE International Ltd.