WOOD MACKENZIE CONFIRMS SOLAR BOOM

New dawn for U.S. solar power capacity; Analysis finds parallels between solar power capacity and shale boom.

Daniel J. Graeber, February 3, 2015 (UPI)

“…Energy consultant group Wood Mackenzie finds it's getting cheaper to install solar power components. With [record levels of new capacity, solar] has evolved from a niche renewable sector to something that's pressuring conventional business models in the utility industry [as prices decline and technology improves. No] other technology is closer to transforming power markets than distributed and utility-scale solar…The U.S. government is supporting solar development through its SunShot initiative, which aims to make the renewable technology competitive. The program aims to move solar power capacity from less than 1 percent of the national electricity supply to 14 percent by 2030. Wood Mackenzie finds new materials and applications, like roof-top and window installations, are expected to have an impact on future solar development…” click here for more

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