Here's some very welcome news ... forecasting a 'sunnier future' for us all.
• Solar energy is booming, with IEA predicting 16% of global electricity to come from solar energy by 2050 from less than 1% now.
• Solar Panel prices should fall by another 40% in the next 10 years based on the current technology roadmap.
• Energy Industry will see a massive paradigm change, Investors needs to position themselves accordingly.
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). This has made solar energy become cost competitive with other energy sources in many parts of the world. Solar energy is already competitive with gas and coal in many regions. What will be even more concerning for coal and gas power plant owners, is that solar energy costs will continue to decline at a rapid pace over the coming years. It is pretty much certain that solar energy costs 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). Even other renewable energy sources such as wind and nuclear energy will face the heat from solar energy.
Sharp growth in Solar Demand is expected to continue
As per SEIA, USA will have more than 40 GW of cumulative solar installations in 2016 registering a growth of 25-50%. China increased its installation target by 30% for 2015. India has become the fastest growing major solar market since it announced a target of 100 GW by 2022 (current capacity is less than 5 GW).
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Click for much more on this hopeful, world-changing, future-shaping news ...
Why Solar Energy Is Such A Threat To Other Energy Sources
by Sneha Shah, Greenworldinvestor; seekingalpha.com -- Jan. 14, 2016
The Beatles - Here Comes the Sun
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It's All-right.