Solar Power Electricity now Cheaper than Fossil Fuel

Electricity Produced by Solar Power beats Electricity Produced by Fossil Fuel – on per MWh price!

Meeting electrical grid demand via solar power at a lower per MWh cost is now possible, when compared to meeting total demand from conventional electricity producers such as fossil fuel, nuclear or even hydro-electric power.

The WEF report notes that “utility-scale, thin-film solar PV plants produce cheaper power, on average, than new natural gas plants.”

A record low electricity price was achieved in Chile in August 2016. At $29.10 per MWh, solar electricity cost about half the price offered by a local coal competitor.

The cost of production of electricity through the utilization of solar energy is outpacing other alternatives, as the investment in solar panels is turning out to be comparatively cheaper than a comparable investment in coal, natural gas or other options, according to a new World Economic Forum report… Continue reading Solar Power Electricity now Cheaper than Fossil Fuel

China to Invest $360 billion in Green Energy by 2020

China will invest $360 billion into renewable power projects by 2020 as the world’s largest consumer of energy starts to move away from coal.

China wind power
China wind power China to invest 2.5 trillion yuan in renewable power projects by 2020 as the world’s largest consumer of energy moves away from fossil fuel. Image courtesy of Newsweek.

The National Energy Administration (NEA) said Thursday that the investment would help create more than 13 million jobs in the industry, Reuters reported… Continue reading China to Invest $360 billion in Green Energy by 2020

European Union to cut energy use 30% by 2030

The Big Power Plan: European Union to cut energy use by 30%

The European Commission has unveiled its big power plan, aiming to slash energy use in the bloc 30 percent by 2030.

“Europe is on the brink of a clean energy revolution. And just as we did in Paris, we can only get this right if we work together. With these proposals, we have cleared the way for more competitive, cleaner energy in Europe.” — European Commission

Cutting waste, better integrating renewable energy and phasing out subsidies for coal-fired electricity generation are all part of the vision. But wind and solar energy producers will no longer have priority for selling to the… Continue reading European Union to cut energy use 30% by 2030

Solar Power Financing: Key for Developing Nations

Solar Power Financing Key To Solar Power In Developing Countries

Solar Power financing
Solar Power financing. In 2009 Wandee Khunchornyakong, an enterprising woman from Thailand went to her local government office to ask about solar power. Today, her solar power company is one of the largest solar power firms in her nation.

In 2009 Wandee Khunchornyakong, an enterprising woman in Thailand, wanted to find out how to add renewable solar power to her local electrical grid. She went to a government office to find out more information. There, she found permits for solar installations just begging for people to take advantage of them. She picked one up but… Continue reading Solar Power Financing: Key for Developing Nations

30 Fascinating Solar Energy Facts

Solar power, the largest source of energy available on planet Earth.
Solar power, the largest source of energy available on planet Earth.

The next time somebody questions the viability of solar energy, arm yourself with these 30 solar energy facts. After all, there’s nothing better than access to a large warehouse of useful information, especially when considering this planet’s energy future. But before we start with that, here are three books concerning solar energy, its history, its future,… Continue reading 30 Fascinating Solar Energy Facts