Clean Energy Now Beats Fossil Fuels on Cost
Renewable energy has reached a major milestone. In 2024, 92.5% of all new electricity capacity added globally came from renewables, according to new reports from the United Nations and the International Renewable Energy Agency (IRENA). Onshore wind is now also 53% cheaper than the cheapest fossil fuel, and solar is close behind at 41%.
This clean energy shift is not just a sacrifice to save the earth anymore; it is becoming the most cost-effective option for households too.
As electricity rates continue to rise across Canada, more home and cottage owners are looking for ways to reduce their dependence on the grid or diesel/propane generators. Affordable renewable technologies are making energy independence a realistic option, especially in rural, remote, or seasonal properties.
The momentum continues to grow globally. In 2024, investment in renewable energy reached $2 trillion, exceeding fossil fuel investments by more than $800 billion. Even though renewables received far fewer subsidies, they continue to outperform on growth, cost, and resilience.
For those pursuing sustainable living, the message is clear: clean energy is no longer a luxury; it is a smart, accessible choice. With the right setup, you can cut your energy bills, stay resilient during power outages, and reduce your environmental impact.
Borrum Energy Solutions makes this transition easy with compact, self-assembly wind turbines and towers built for homes, cottages, and off-grid locations across Canada. Whether you're aiming for energy independence or simply lowering your costs, our systems empower you to generate renewable power on your own terms.