'Second tipping point' opens door to replacing all existing power
The first tipping point for renewable energy, where solar and wind power is cheaper to install than thermal capacity, is upon us in many places already, according to Bloomberg New Energy Finance founder Michael Liebreich. The second tipping point, when it is cheaper to build new renewable capacity than it is to keep existing thermal resources going, will be here by around 2030, increasing the addressable market for renewables to “everything” from incremental replacements, he said.
Michael Liebreich, BNEF Chairman of the Advisory Board, gives his much-anticipated ‘state of the clean energy industry’ keynote at BNEF’s Future of Energy EMEA Summit in London, September 2017. View the presentation slides or the related opinion piece .

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