For Many Region Around The World That’s The Prediction From Some German Experts
Right now solar electricity accounts for a small fraction of the total electricity generated. Take the US for example, solar is only 0.45% of the electricity produced, as of December 2014.
But That is about to change according to the German think tank Agora Energiewende.
And the trend towards solar is about to accelerate.
Solar power – researchers say – thanks to technological advancements, is already cost-effective in some sunny regions: in Dubai, a long-term power purchase contract was signed recently for 5 cents per kilowatt hour. Projects under construction in Brazil, Uruguay and other countries are reported to produce at costs below 7 ct/KWh.
By comparison, electricity from new coal and gas-fired plants costs between 5 and 10 cents per kilowatt hour. And in Germany, right now, large solar plants deliver power for less than 9 cents, compared to as much as 11 cents from nuclear.
By 2025, the report says, the cost of producing power in central and southern Europewill have declined to between 4 and 6 cents per kilowatt hour, and by 2050 to as low as 2 to 4 cents, making it the cheapest source of energy in many parts of the world.
This study contradicts some earlier studies on solar.
So keep your eye on solar it just may be the sleeping giant about to awaken.
