In nearly 60 countries, solar power is deemed the cheapest source of energy power

It is now official that solar power is recognized to be the cheapest source of energy power in countries with low income, providing companies and governments to let go of the coal and gas in exchange of renewable energy. Bloomberg New Energy Finance or BNEF provided a data that shows that in 2016, the average solar energy price in nearly 60 countries declined per megawatt to $1.65 million, with wind energy source at $1.66 million per megawatt.

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