24
NOV
2017

Solar Costs to Fall Further, Powering Global Demand

In case you need a reminder of how fast things are changing in the energy markets here’s another article projecting the future success of solar energy.  I hope you’ve noticed a continuing theme that prices continue to fall faster than predicted and adaptation progresses at a growing pace beyond what anyone is willing to stick their neck out and project.  

I’ll remind you too that the Sierra Club’s goal for the US power sector is 100% renewable power generation by 2030.  

Keep the faith!!

 

Solar Costs to Fall Further, Powering Global Demand – Irene

OCTOBER 23, 2017

Reuters Staff: By Florence Tan 

* 80-90 GW new solar capacity to be added in 5-6 years

* Solar panel costs to fall by 60 pct in next 10 yrs

SINGAPORE, Oct 23 (Reuters) – Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International Renewable Energy Agency (Irena) said on Monday.

Solar power is in the midst of boom because of sharp drops in costs and efficiency improvements, pushing global capacity from virtually zero at the start of the century to 300 gigawatt (GW) by the end of 2016, a figure expected to rise again by 2020.

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