Sadly incorrect. You can see the variation of wind and solar we get here in the UK at: https://gridwatch.templar.co.uk/
As you can see, fossil fuels are about a 1/3rd of power and we expand renewables by maybe another 30% before we start getting excess power. After that point, you start to have excess power while no longer reducing CO2 by much as you still need the Nat gas for the cloudy and still days.
In practice you might be able to get to 75% non-fossil fuels before you're firmly into the realm of diminishing returns without a big storage breakthrough or a doubling/tripling of electricity costs (its triple to go pure wind and current tech energy storage because you need up to weeks of storage to not have blackouts, but with a nuclear power expansion youd only need a doubling).