Solar energy named world’s cheapest source of power

Solar energy has been branded the “key driver” in the world’s transition to clean, renewable power due to its ultra-low cost, Euronews writes.

A new study from the University of Surrey named solar energy the cheapest source of power, outranking other renewables such as wind, as well as coal and gas.

Researchers found that, in the sunniest countries, solar costs as little as €0.023 to produce one unit of power.

Even in the UK, which sits 50 degrees north of the equator and is infamous for its dreary weather, solar came out victorious as the cheapest option for “large-scale energy generation”.