Wind to Double and Solar to Triple in 6 Years (IEA)

[jpak]

http://news.discovery.com/earth/global-warming/wind-and-solar-energy-rush-goes-global-130712.htm

Renewable electricity generation is expected to double or triple in the next six years and outpace natural gas and nuclear power as a global source for electricity as early as 2016, according to a report by the International Energy Agency (IEA). If that happens, renewables will be second only to coal for electricity generation.

“Globally, renewable generation is estimated to rise to 25% of gross power generation in 2018, up from 20% in 2011 and 19% in 2006,” the IEA reports. That growth is being driven mostly by the expansion of wind and solar photovoltaics (PV) generation.

As hyperbolic as that might sound, it’s probably an understatement, say some energy watchers.

“It’s a remarkably bullish outlook compared to most forecasts,” commented greentechmedia energy analyst Chris Nelder in a thorough post about the new report. “It’s particularly remarkable for the IEA, whose conservative outlook on renewables has historically lagged behind reality.”

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1. The last time I priced it, it was competitive with power from the grid...

Over the life of the system (solar panels anyway). All we need is the contractors and the new solar panels.

It would be good to put all of those people who used to build houses back to doing something.

It really shouldn't be taking as long as it is.

[Bill USA]

2. recommended!!