Title: Solar Power to Hit Cost Parity Next Year
Author: RP Siegel
Publication: Triple Pundit
Date: 18th March 2013
Even though it was often deemed impossible, solar power is finally starting to be available, surpassing 100 GW threshold. For now, a third of it is in Germany, since its government has been supporting the cause, and even implemented tariffs (FiT). Germany has 5 times more solar power than the United States, despite getting much less sunshine. Their target by 2020 is reching 40% and 80% by 2030. China is a close second, and is even expected to surpass Germany by the end of this year.
The IEA (International Energy Agency) expects the solar instalations to grow up to 230 GW by 2017. If it progresses as predicted, the 6 Celsius scenario might be avoided (more about that in this article).
The Deutsche Bank is expecting the solar market to become a sustainable one in 2014. The bank also put stakes on on possible large markets in India, which is especially important since India is currently the number two consumer of coal in the world, so having a solar power market might help lessen the consequences.
Spain, Italy, UK, and Japan are also working on development of solar power, and the United States awaits legislation that would give the solar the same status as real estate.
A benefit of solar power also lays in affordability - China is expecting the price to drop to 42% per watt by 2015, making it cheaper than coal and natural gases.
Author: RP Siegel
Publication: Triple Pundit
Date: 18th March 2013
Even though it was often deemed impossible, solar power is finally starting to be available, surpassing 100 GW threshold. For now, a third of it is in Germany, since its government has been supporting the cause, and even implemented tariffs (FiT). Germany has 5 times more solar power than the United States, despite getting much less sunshine. Their target by 2020 is reching 40% and 80% by 2030. China is a close second, and is even expected to surpass Germany by the end of this year.
The IEA (International Energy Agency) expects the solar instalations to grow up to 230 GW by 2017. If it progresses as predicted, the 6 Celsius scenario might be avoided (more about that in this article).
The Deutsche Bank is expecting the solar market to become a sustainable one in 2014. The bank also put stakes on on possible large markets in India, which is especially important since India is currently the number two consumer of coal in the world, so having a solar power market might help lessen the consequences.
Spain, Italy, UK, and Japan are also working on development of solar power, and the United States awaits legislation that would give the solar the same status as real estate.
A benefit of solar power also lays in affordability - China is expecting the price to drop to 42% per watt by 2015, making it cheaper than coal and natural gases.
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