‘Spectacular’ drop in renewable energy costs leads to record global boost

By Damian Carrington Environment editor Falling solar and wind prices have led to new power deals across the world despite investment in renewables fallingRenewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options. Related: The US is the biggest loser

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