Solar, Wind Are Quickly Becoming Preferred Electricity Generation Worldwide

By Frank Andorka By Frank Andorka, Senior Correspondent

A new Deloitte Global report, “Global Renewable Energy Trends,” indicates solar and wind are becoming the preferred electricity-generation sources worldwide.
There are three key reasons for the increase: price and performance parity with fossil fuels; better grid integration infrastructure and improving technology. In other words, solar and wind are now cost-competitive with fossil fuels and are delivering the same performance. As that continues (and other technologies like blockchain come into play), Deloitte expects the trends to continue.
“Demand for renewable energy sources has grown tremendously in recent years,” says Marlene Motyka, Deloitte U.S. and global renewable energy leader

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