Many experts in renewable energy technologies may say that if there is a good way, they will definitely do their best if they are not too expensive. It may be that in the near future you will be pleasantly surprised to find that the cost of generating electricity from clean solar energy will be less than burning coal.
The solar power cost index has been declining for 30 years and its downward trend has only increased. According to a survey conducted by the U.S. Department of Energy's National Renewable Energy Laboratory, photovoltaic (PV) electricity prices (excluding installations) plummeted, from $22 per watt in 1980 to today's $3 per watt. Solar photovoltaic production in Germany has increased by 76% since 2006 to 2010, while the price of equipment has dropped by 50%. This year alone, the cost of traditional solar panels in the world has dropped by more than 20%.
Michael Liebreich, CEO of London Bloomberg New Energy Finance Research stated: “The most powerful driving force in our industry is relentless cost reduction.†Some commentators believe that solar power generation will not be equivalent to coal until 2020, but from now on Looking ahead nine years, their predictions are quite conservative.
• In May, Mark MLittle, head of global research at GE, said that their thin film photovoltaic technology will provide cheaper electricity than fossil fuels or nuclear power plants in three to five years.
• In June, the world’s largest manufacturer of thin film solar panels, Arizona’s First Solar announced that they expect to provide electricity in California in 2014 that is cheaper than coal.
• In August, a think-tank report by the Chinese government predicted that by 2015 solar power will be even cheaper than coal at the same price as coal. China expects to achieve solar power production by the end of this year by more than 900 MW at the end of 2010, reaching 2 GW.
• This month, a study published by the European Photovoltaic Industry Association showed that in some parts of Europe as early as 2013, the cost of achieving solar energy was the same as the cheapest fossil fuel cost.
• For many developing countries, their poverty, remote and rural areas have already had cheaper solar power generation than large centralized coal-fired power plants.
In view of all this, you may think that the South African government should make every effort to invest in solar energy in sunny countries. This is not the case. We will continue to build a large number of new coal-fired power plants to ensure that when solar power is cheaper than coal, relying on this non-renewable fossil fuel will become more expensive, resulting in reduced reserves and carbon taxation. International mandatory. The generation of electricity by burning coal has a very significant negative environmental and human health impact, all of which are often ignored or “externalized†in cost calculations.
We need to make fundamental changes. Now our government is paying attention and doing everything possible to support renewable energy industries such as solar energy. For the benefit of mankind, for our planet and for sustainable development.
The solar power cost index has been declining for 30 years and its downward trend has only increased. According to a survey conducted by the U.S. Department of Energy's National Renewable Energy Laboratory, photovoltaic (PV) electricity prices (excluding installations) plummeted, from $22 per watt in 1980 to today's $3 per watt. Solar photovoltaic production in Germany has increased by 76% since 2006 to 2010, while the price of equipment has dropped by 50%. This year alone, the cost of traditional solar panels in the world has dropped by more than 20%.
Michael Liebreich, CEO of London Bloomberg New Energy Finance Research stated: “The most powerful driving force in our industry is relentless cost reduction.†Some commentators believe that solar power generation will not be equivalent to coal until 2020, but from now on Looking ahead nine years, their predictions are quite conservative.
• In May, Mark MLittle, head of global research at GE, said that their thin film photovoltaic technology will provide cheaper electricity than fossil fuels or nuclear power plants in three to five years.
• In June, the world’s largest manufacturer of thin film solar panels, Arizona’s First Solar announced that they expect to provide electricity in California in 2014 that is cheaper than coal.
• In August, a think-tank report by the Chinese government predicted that by 2015 solar power will be even cheaper than coal at the same price as coal. China expects to achieve solar power production by the end of this year by more than 900 MW at the end of 2010, reaching 2 GW.
• This month, a study published by the European Photovoltaic Industry Association showed that in some parts of Europe as early as 2013, the cost of achieving solar energy was the same as the cheapest fossil fuel cost.
• For many developing countries, their poverty, remote and rural areas have already had cheaper solar power generation than large centralized coal-fired power plants.
In view of all this, you may think that the South African government should make every effort to invest in solar energy in sunny countries. This is not the case. We will continue to build a large number of new coal-fired power plants to ensure that when solar power is cheaper than coal, relying on this non-renewable fossil fuel will become more expensive, resulting in reduced reserves and carbon taxation. International mandatory. The generation of electricity by burning coal has a very significant negative environmental and human health impact, all of which are often ignored or “externalized†in cost calculations.
We need to make fundamental changes. Now our government is paying attention and doing everything possible to support renewable energy industries such as solar energy. For the benefit of mankind, for our planet and for sustainable development.
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