“How much more miracle-y do you need your miracles to be"?
"...here are all the latest charts and facts"
Youll 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 its 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 BNEFs annual conference in April titled In Search of the Miraculous:
Solars exponentially declining costs and exponentially rising installations (the y-axis is a logarithmic scale).
Thanks to sustained long-term deployment programs, Liebreich explained, Weve seen the costs come down by a factor of 150 since 1975. Weve seen volume up by 115,000.
How much more miracle-y do you need your miracles to be, Liebreich added.
What that chart doesnt 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