NewEnergyNews More: Solar Spreading As New Energy Costs Plummet

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  • Tuesday, July 17, 2018

    Solar Spreading As New Energy Costs Plummet

    32 Million New Homes Will Have Renewable Energy Via Solar Power By 2030; Developing nations may leap-frog old-school power lines.

    Matthew Phelan, July 16, 2018 (Inverse)

    “…[A]ccess to decentralized power systems — including a projected 72 million solar-powered homes — will expand access to electricity more cheaply and more sustainably than past estimates…[and] the total industry investment required to achieve this is approximately $372 billion dollars less than recent assessments by the International Energy Agency [according to a new report from Bloomberg New Energy Finance]…About $162 billion is currently likely to be spent on expanding energy access…with about $191 million needed to close the gap to universal access…[T]he report’s emphasis on decentralized energy grids that allow leap-frogging technologies aligns with [the newest United Nations approach. Energy companies can] focus their efforts on the last handful of places where traditional, old-school grid extensions remain economically viable until sometime around the mid-2020s…[Where the per-kWh price of grid-connected New Energy is not competitive, home solar systems or community level microgrids] can and do suddenly become more cost effective…[Of the 238 million new households to get electricity between now and 2030,] 72 million will use solar home systems and 34 million will benefit from microgrids…” click here for more

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