Energy from Solar Power now Cheaper than Fossil Fuels in 105 Countries
"Last year the data
suggested that by 2020, 98% of the world population, would have access to solar
power at the same price as residential power. But with the significant
decreases in the cost of solar panels, there was an explosion in global PV
installations over the past year, and the data now suggests that we'll reach
this same goal by the end of this year."
Solar installations are rocketing worldwide as solar electricity
becomes cheaper than electricity from fossil fuels – it’s already happened in
105 countries.
This is the tipping point where economics takes over from
altruism and solar PV becomes a serious part of the global energy mix. The
steady drop in cost-per-watt is great news for the end user and is enabled by
simultaneous increases in cell efficiency and lower manufacturing costs.
This is a very intersting point, and something that is hard to believe given how cheap Fossil Fuels are? it is really exciting to see how renewable energy is getting the required amount of research and development to get it work sustainably
ReplyDelete