Solar Power May Already Rival Coal, Prompting Installation S

Latest news, scientific discoveries and world events.

Solar Power May Already Rival Coal, Prompting Installation S

Postby wjfox2009 on Tue Apr 19, 2011 12:11 pm

Solar Power May Already Rival Coal, Prompting Installation Surge

Solar panel installations may surge in the next two years as the cost of generating electricity from the sun rivals coal-fueled plants, industry executives and analysts said.

Large photovoltaic projects will cost $1.45 a watt to build by 2020, half the current price, Bloomberg New Energy Finance estimated today. The London-based research company says solar is viable against fossil fuels on the electric grid in the most sunny regions such as the Middle East.

“We are already in this phase change and are very close to grid parity,” Shawn Qu, chief executive officer of Canadian Solar Inc. (CSIQ), said in an interview. “In many markets, solar is already competitive with peak electricity prices, such as in California and Japan.”

...

Installation of solar PV systems will almost double to 32.6 gigawatts by 2013 from 18.6 gigawatts last year, New Energy Finance estimates. Manufacturing capacity worldwide has almost quadrupled since 2008 to 27.5 gigawatts, and 12 gigawatts of production will be added this year.

Read more:

wjfox2009
Site Admin
User avatar
 
Posts: 451
Joined: Thu Mar 05, 2009 11:35 pm
Location: London

Re: Solar Power May Already Rival Coal, Prompting Installation S

Postby MissTomorrow on Thu Apr 21, 2011 9:42 pm

Thats good news but not so for people in less sunny parts of the world . we need big national solar power farms in the south US states to feed the whole grid, not just little solar panels on roofs. the Californians will probaly lead the way like Texans have in the oil & wind booms.. we wil have SOLAR BARONS ruling the range.
MissTomorrow
User avatar
 
Posts: 305
Joined: Tue Aug 31, 2010 7:48 pm
---------


Return to In the news

Who is online

Users browsing this forum: No registered users and 1 guest

cron