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Simon

Solar power is going to kill fossil fuels faster than we thought

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Simon   
Simon

According to the Bloomberg New Energy Finance outlook, solar power is becoming increasingly affordable and in just a few years it could be cheaper than coal and even natural-gas plants, almost everywhere around the world.

Quote

The research group estimated solar already rivals the cost of new coal power plants in Germany and the U.S. and by 2021 will do so in quick-growing markets such as China and India.

This means that solar power is going to kill fossil fuels much faster than we have previously thought. And it is not just solar power that is becoming an increasingly cheap energy source. Even in developing countries, like China and India, solar power is expected to start providing cheaper electricity as soon as the early 2020s. “These tipping points are all happening earlier and we just can’t deny that this technology is getting cheaper than we previously thought,” said Seb Henbest, a researcher at BNEF in London and lead author of the report.

Even the cost of offshore wind farms are bound fall, the report concludes.

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The cost of offshore wind farms, until recently the most expensive mainstream renewable technology, will slide 71 percent, making turbines based at sea another competitive form of generation.

There's no doubt about it: renewable energy is the future!

Edited by simonleuf

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GamerGuy   
GamerGuy

I support solar energy over the use of windmills, for many reasons, one of which is the fact that windmills kill off a mass amount of flying animals(birds, bats, etc). Solar energy cannot be wrong, why wouldn't we harness the energy coming from our natural and God given sunlight? It only makes sense, and keep the air cleaner! Not to mention the cost decrease as discussed above. I also think we should find a way to harness the energy of the tides in a safe and natural as possible way.

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ion   
ion

I hope the solar cells become affordable also,  I really wanted to have that kind of source of energy in our house.  All I have to do the maintenance of that cells, and I will don't have the monthly bills anymore.  Right now, I only have the energy coming from the wind. 

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fishbate   
fishbate

This is great news! I am an advocate of green energy and i know its a win-win solution for both environment and for us users. Although there's a lot of technicalities that has to be improved like energy storage and efficiency specially on residential type systems. This is still a big step towards a better future. I have been using solar energy as a secondary system at home. We all now that solar energy systems in the market is expensive, that's why i decided to built my own system. It may not be as efficient as in the market but i'm making progress. I just hope that these technology will evolve faster for more efficient and affordable systems.

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