Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kristopher

(29,798 posts)
Sat Aug 6, 2016, 04:30 PM Aug 2016

“How much more miracle-y do you need your miracles to be"?

"...here are all the latest charts and facts"

You’ll Never Believe How Cheap New Solar Power Is
BY JOE ROMM JUL 18, 2016 9:29 AM

Solar energy has grown 100-fold in this country in the past decade. Globally, solar has doubled seven times since 2000, and Dubai received a bid recently for 800 megawatts of solar at a stunning “US 2.99 cents per kilowatt hour” —unsubsidized! For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.

Solar energy has been advancing considerably faster than anyone expected just a few years ago thanks to aggressive market-based deployment efforts around the globe. Since it’s hard to keep up with the speed-of-light changes, and this is the fuel that will power more and more of the global economy in the near future, here are all the latest charts and facts to understand it.

If you are looking for one chart to sum up the whole solar energy miracle, Bloomberg New Energy Finance (BNEF) Chairman Michael Liebreich has one from his keynote address at BNEF’s annual conference in April titled “In Search of the Miraculous”:


Solar’s exponentially declining costs and exponentially rising installations (the y-axis is a logarithmic scale).


Thanks to sustained long-term deployment programs, Liebreich explained, “We’ve seen the costs come down by a factor of 150 since 1975. We’ve seen volume up by 115,000.”

“How much more miracle-y do you need your miracles to be,” Liebreich added.

What that chart doesn’t reveal is that the price drop and the sales volume increase are directly linked....





Six more charts at: http://www.democraticunderground.com/?com=post&forum=1127&pid=103504
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
“How much more miracle-y do you need your miracles to be"? (Original Post) kristopher Aug 2016 OP
Thanks for posting ..great post. Stuart G Aug 2016 #1

Stuart G

(38,359 posts)
1. Thanks for posting ..great post.
Sat Aug 6, 2016, 06:12 PM
Aug 2016

Lots of forces against solar power

Some Gasoline companies and some oil companies....
Some electric companies aren't too helpful either.

Latest Discussions»Issue Forums»Editorials & Other Articles»“How much more miracle-y ...