"By 2050, there will be no contest: new wind and solar power will cost $US20-21/MWh, new battery capacity will cost $US42/MWh and new coal power will have fallen just a dollar to $US56/MWh. "
and
"Globally wind and solar generation will be 50 per cent of generation by 2050 with $US548 billion invested in batteries between now and 2050 and $US11.4 trillion new generation - including $US8.4 trillion in wind and solar and $US1.5 trillion in hydro and nuclear power.
Coal-fired capacity falls from 25GW in 2017 (generating 65 per cent of the country's electricity) to 23GW in 2025, 18GW in 2030, and just 6GW in 2040. BNEF's forecast sees it gone almost completely by 2050 – assuming there are no government attempts to save it with subsidies. "
IFN Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held