In Australia, Wind Power Is Already Cheaper Than Fossil Fuels, And Solar Is Right Behind

http://thinkprogress.org/climate/2013/02/10/1566881/in-australia-wind-power-is-already-cheaper-than-fossil-fuels-and-solar-is-right-behind/

By Jeff Spross on Feb 10, 2013

According to the latest research from Bloomberg New Energy Finance, electricity from wind power can now be supplied more cheaply in Australia than power from either coal or natural gas — and solar and other forms of renewable energy aren’t far behind.

Older coal-fired power plants from the 70s and 80s still compete at lower prices than renewables — but only because their construction costs have depreciated. For the deployment of any new power generation in Australia, renewables now appear to be the way to go.

-----