Renewables have changed the economics of the power industry
Wind and solar approach critical deployment level
As technologies approach milestone, they could scale even faster
Wind and solar are approaching a 10pc share of global electricity production and will likely reach the milestone at some point this year. The technologies reached a 9.4pc share last year, up from 4.65pc in 2015, according to data from UK based thinktank Ember. The 10pc milestone matters because, in the history of new technology adoption, the 5-10pc market share level is a reliable takeoff point for further market integration. 10pc – Share of US households with a car in 1915 It is traditionally difficult for any new product to dislodge incumbents and gain 1-3pc share in any market. But attaining market share levels above 5pc often indicate further gains, because it indicates the prod
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