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Solar Could Beat Coal to Become the Cheapest Power on Earth (Jessica Shankleman)

Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere.

In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. Now, Saudi Arabia, Jordan and Mexico are planning auctions and tenders for this year, aiming to drop prices even further…

Source: Solar Could Beat Coal to Become the Cheapest Power on Earth – Bloomberg

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Solar was the cheapest source of electricity in 2016, and it will further undercut fossil fuels in 2017 (Michael J. Coren)

The renewable energy future will arrive when installing new solar panels is cheaper than a comparable investment in coal, natural gas or other options. If you ask the World Economic Forum (WEF), the day has arrived.

Solar and wind is now the same price or cheaper than new fossil fuel capacity in more than 30 countries, the WEF reported in December (pdf). As prices for solar and wind power continue their precipitous fall, two-thirds of all nations will reach the point known as “grid parity” within a few years, even without subsidies…

Source: Solar was the cheapest source of electricity in 2016, and it will further undercut fossil fuels in 2017 — Quartz

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Cheap & Abundant Solar Energy is Coming: In the next 20 years, between 50 to 100 % of the world’s energy production could come from solar (Peter Diamandis)

Today, the global oil and natural gas industry is about a $4 trillion business. It’s big money, and in the US, 67% of the electricity generated in 2015 was from fossil fuels (coal, natural gas, and petroleum).

This is about to change…

Source: Cheap and Abundant Solar Energy is Coming – Medium

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Solar power becoming world’s cheapest form of electricity production, analysts say (Ian Johnston)

Solar power is becoming the cheapest way to generate electricity, according to leading analysts.Data produced by Bloomberg New Energy Finance (BNEF) showed the cost of solar in 58 lower-income countries – including China, Brazil and India – had fallen to about a third of levels in 2010 and was now slightly cheaper than wind energy.

In August, an auction to supply electricity in Chile achieved the record low price of $29.10 (£23.30) per megawatt-hour – a record low price and about half the price of a coal competitor…

Source: Solar power becoming world’s cheapest form of electricity production, analysts say | The Independent

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Solar Power Is Ready to Dominate Energy Thanks to New Tech (Singularity Hub)

In the next 20 years, between 50 percent to 100 percent of the world’s energy production could come from solar.

Today, the global oil and natural gas industry is about a $4 trillion business. It’s big money, and in the US, 67 percent of the electricity generated in 2015 was from fossil fuels (coal, natural gas, and petroleum)…

 

Source: Solar Power Is Ready to Dominate Energy Thanks to New Tech

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