The solar boom is rapidly transforming emerging economies

AI Summary

Solar, wind and hydropower are becoming increasingly affordable, prompting emerging economies to pursue renewable energy rather than follow the coal- and oil-led development paths of wealthier countries. The shift could reshape electricity systems and energy investment in some of the world's poorest countries.

Renewable electricity is cheaper than ever. So while the West got rich on coal and oil, some of the poorest countries in the world are banking on solar, wind and water instead.