HERE COMES SOLAR

Why Solar Energy Is Such A Threat To Other Energy Sources

Sneha Shah, January 14, 2016 GlobalWorldInvestor via Seeking Alpha)

“Solar Energy is growing at a tremendous pace globally, with the demand growth surprising even the most optimistic analyst. The biggest reason behind the growth has been the sharp reduction in costs and prices (75% in the 5 years)…Solar energy is already competitive with gas and coal in many regions…[and] will become cheaper than coal and gas in the coming 10-15 years. Solar energy will also threaten the oil industry as solar energy starts penetrating the transport sector (through electric vehicles)…[The main drivers will be a fall] in polysilicon prices…More efficient usage of silicon…Reduction in non-silicon costs…Improvement in cell-to-module power Ratio…Improvement in Cell Efficiency levels…[S]olar energy could increase to 40% of electricity production by 2050…Solar plus storage is expected to be a huge threat to the utility industry, as energy storage costs are also expected to see >50% cost reduction in the next 5-10 years. By 2020, solar plus storage costs are expected to reach parity with retail electricity prices in a number of places. Solar energy is all set to bring about a paradigm change in the global energy industry…” click here for more

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