NewEnergyNews: The Graph That Captures The Solar Boom

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  • FRIDAY WORLD, June 22:

  • Climate Change Goes Downtown
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  • Emerging New Energy Markets Are Key

    Friday, June 16, 2017

    The Graph That Captures The Solar Boom

    This One Chart Shows How Solar Energy Growth Is Skyrocketing Beyond Predictions; We've blown away every estimate.

    Leanna Garfield, 9 June 2017 (Science Alert)

    “In early 2016, the International Energy Agency (IEA) projected that, starting that year, the world would add just 50 gigawatts of added solar energy capacity per year. And in 2017, solar's growth rate would level out and start to decline…[But the IEA has been wrong about solar's potential for growth] every year since 2002…Auke Hoekstra, a head researcher at the Technical University of Eindhoven in the Netherlands, says these forecasts are too conservative when compared to solar energy's track record…Every year, the organisation assumes that solar's growth rate will be linear, rather than increasing exponentially as it largely has for over a decade…Globally, there is now approximately 305 gigawatts of solar power capacity, partly due to the fact that the cost to install solar panels has dropped significantly worldwide in recent years…” click here for more

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