A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. 

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. Now un-subsidized solar is beginning to out-compete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects.

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