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Battery-backed Wind and Solar Will Be Cheaper Than Coal in China in a Decade: Report

Falling battery costs will allow for renewable power to grow rapidly, analysts predict, replacing traditional baseload generation

Wind turbines or solar panels with batteries will be able to provide on-demand power cheaper than old coal plants in China by 2028, analysts at Bloomberg New Energy Finance (BNEF) predict.

In the US, the combo can outcompete gas generation by 2027, according to the same New Energy Outlook report, presented in London on Friday.

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