Utility solar dethrones coal as the cheapest power source in Asia
Baua Electric
FEBRUARY 29, 2024
With an 11% cost reduction in 2023, offshore wind costs are now competitive with coal along China’s coast and are expected to undercut gas in Japan and the Taiwan region by 2027 and 2028, respectively. WoodMac also underscores the growing competitiveness of offshore wind with fossil fuels in APAC.
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