NewEnergyNews: SOLAR BOOM COMING

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THINGS-TO-THINK-ABOUT THURSDAY, September 21:

  • TTTA Thursday-$20 MIL To Climate Fight From DiCaprio Fund
  • TTTA Thursday-Solar Energy Price Drop At Full Speed
  • TTTA Thursday-Wind Art Turns Climate Change Fighter
  • TTTA Thursday-When Self-Driving EVs Will Take Over
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  • ORIGINAL REPORTING: Is 100% renewable energy the best goal to cut power sector emissions?
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  • TODAY’S STUDY: The Truth About The Transmission New Energy Needs
  • QUICK NEWS, September 19: All About Climate Change In 17 Short Answers; New Energy Ready To Step Up; How Old Energy Attacks Solar
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  • TODAY’S STUDY: The Private Sector Gets Into The New Energy Biz
  • QUICK NEWS, September 18: The Key Climate Change Unknown; Beer Brewer Anheuser-Busch In Big Wind Buy; Montana Grew Solar 400% In 2016
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  • Weekend Video: A Bill Maher Debate About The Climate
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  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-The Chocolate-Climate Change Connection
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  • FRIDAY WORLD, September 22:

  • When Countries Will Be Uninhabitable (From The Onion)
  • China Solar Dominance Based On State-Backed Loans
  • The Big Storage That Can Make Aussies 100% New Energy
  • South Africa’s Power System Is Ready For New Energy

    Tuesday, October 23, 2007

    SOLAR BOOM COMING

    There are 2 factors to “grid parity” (when the cost of electricity generated by renewable energy is equal to the cost of electricity from conventional sources): (1) the cost of renewables coming down and (2) the cost of fossil fuels and nuclear going up.

    Solar power edges towards boom time
    Gerard Wynn, October 19, 2007 (Reuters)

    WHO
    Jefferies Group Inc (analyst Michael McNamara), Renewable Energy Corp (REC) (Erik Thorsen, CEO)

    The trend is clear. (click to enlarge)

    WHAT
    The cost of solar energy-generated electricity is dropping 5% a year and the industry is growing fast. Grid parity, when the cost of electricity generated by solar energy is equal to the cost of electricity from conventional sources like coal, is rapidly approaching.

    WHEN
    - Presently: Grid parity in parts of California
    - 2008: solar panel production is expected to double
    - 2009: solar panel production is expected to double again
    - 5 years: Grid parity in sunny places.
    - 2020: Grid parity in less ideal climates like the UK.

    WHERE
    Government support in Germany, Japan, Spain, Italy, Greece and southern Europe is turning solar energy into a weapon against climate change and energy dependence.

    WHY
    - General Electric, already a major manufacturer of wind turbines, is preparing to move its momentum-generating size and influence into the solar industry.
    - REC, the world’s biggest solar power company, expects to cut solar energy costs for new production in half by 2010. Q-Cells AG, number 2, expects similar progress by using thin film technologies to bypass silicon shortage bottlenecks that are not expected to ease for 2-3 years.

    Thin film solar technology is growing fastest of all. (click to enlarge)

    QUOTES
    - Jim Lyons, Chief Engineer, General Electric Co: "[When solar energy electricity reaches grid parity] you can expect pretty much unbounded growth…The solar industry will eventually be bigger than wind."
    - Thorsen, REC: "If grid prices go up at the present rate [grid parity] could happen before [2012]…"
    - McNamara, Lyons Group: “[Electricity from solar energy is presently so small a percent of world supply] it doesn't even register statistically outside Germany…"

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