NewEnergyNews: Four Charts About The “Solar Revolution”

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    Thursday, April 14, 2016

    Four Charts About The “Solar Revolution”

    ...[C]harts and the coming solar revolution

    Nick O’Connor, 14 April 2016 (Money Week)

    "…[These charts seem to] prove the solar energy revolution is coming…[T]he key to so many emerging technologies is the fact that they’re getting smaller, faster and cheaper…Those are the results of exponential growth. They’re the driving forces behind everything from quantum computing to the next iPhone…The same forces are driving the solar industry. Solar energy is getting cheaper. It is becoming more efficient. These trends are accelerating. And that’s leading to rapidly growing numbers of new installations…

    “The price of solar energy has collapsed. That’s led to an explosion of new installations. The reason those trends appear so dramatic is because the numbers go back 40 years. But narrow your focus to the last few years and the trend is the same…The price per watt of electricity generated by solar has more than halved in the last decade. Installations have increased six fold since 2010…Falling prices allow increasing numbers of people to use solar energy as a viable energy source…

    “…[2014 data shows] the percentage of new energy installations coming on stream broken down by sector. Solar energy outstripped every other new supply…The trends at work in the solar industry right now are driving it towards a moment of critical mass. In fact, some would say we’ve already hit that point…Since 2010, Italy has increased its solar capacity by over 410%...In 2014, Germany acquired 6.9% of its entire energy needs from solar…

    "But that’s nothing compared to the USA. Between 2004 and 2014, American capacity increased 40 times over…And the trend is accelerating. By the end of this year, US capacity is expected to double again...That’s an increase of 7,900% in just 12 years…Rapidly improving technology and funding from governments and tech firms worldwide are combining to create the kind of opportunity you have to consider…” click here for more

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