The idea that falling prices for renewable energy will begin to create a shake-up in the energy market, may have merit as RWE has just announced that it will close 3.1GW of fossil fuelled power stations around Europe due to the booming renewable energy market, which has made those power stations unprofitable to run.On Wednesday it released its half year results, claiming that the growing boom in the solar sector means that many conventional power stations are no longer profitable to operate.A statement released by the company read that “due…
via OilPrice.com Daily News Update http://oilprice.com/Latest-Energy-News/World-News/Falling-Renewable-Prices-Force-RWE-to-Close-3.1GW-of-Power-Plants-in-EU.html
Categories: Recently Read, Saved for Later
Prometheus Institute 