The Solar Deal Keeps Getting Better

The Declining Cost In Producing Solar Energy, Outlook For 2017; Lets explore a few trends in solar energy growth around the world as we observe the declining cost in producing solar energy and the outlook for 2017

Derick A. Lila, January 6, 2017 (PVMedia)

“…[S]olar power is now cheaper than coal in most parts of the world. Projections from various sources indicate that in less than a decade, solar power would most likely be the lowest-cost option almost everywhere…The solar supply chain is experiencing ‘a Wal-Mart effect’ from higher volumes and lower margins…[C]ountries from Chile to the United Arab Emirates broke records [in 2016] with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power…[T]he U.S Energy Information Administration (EIA) expects solar capacity to continue growing, anticipating an increase of more than 30 percent in 2017…GTM Research expects some parts of the U.S. Southwest approaching $1 a watt today, and may drop as low as 75 cents in 2021…The U.S. Energy Department’s National Renewable Energy Lab expects costs of about $1.20 a watt now declining to $1 by 2020…[The International Energy Agency and The International Renewable Energy Agency anticipate further drops]…” click here for more

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