Global Solar Is A Better And Better Buy
Solar Is Now the Cheapest Energy There Is in the Sunniest Parts of the World
Jason Dorrier, May 18, 2017 (Singularity Hub)
“…The world currently uses about 14 cubic kilometers of oil, or oil equivalent in oil, gas, and coal…[but] the sun bombards our planet with 10,000 times the energy we use from all sources combined…Wind was a footnote in the energy mix 10 years ago…[but grew 10 times and now] makes 6% of all electricity in the US…Solar power has grown by 100 in the last 13 years…[with 35% to 40%] annual growth over the last 20 years…Solar prices are plunging even faster than those who are wildly optimistic [expected]…In the sunniest parts of the world, unsubsidized solar is becoming the cheapest form of energy. In the US, natural gas is the cheapest energy at around five or six cents per kilowatt-hour (kWh)…[but solar deals have recently been signed in California at $0.051/kWh, in Chile at $0.029/kWh, and in Dubai at $0.024/kWh...Storage and batteries are still key…[but over the last 15 years, capacity of lithium-ion batteries tripled, and the energy cost per unit of energy dropped by a factor of 10]…” click here for more
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