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Telegraph’s article on Solar

Posted by fairval on April 11, 2014

Excellent article in Telegraph on Solar Power

Global solar dominance in sight as science trumps fossil fuels

Some points in that:

  • Roughly 29pc of electricity capacity added in America last year came from solar
  • New solar installations overtook wind turbines worldwide last year with an extra 36.5GW
  • Scientists can now capture 31.1pc of the sun’s energy with a 111-V Solar Cell, a world record but soon to be beaten again no doubt
  • There are already 19 regional markets around the world that have achieved “grid parity”, meaning that PV solar panels can match or undercut local electricity prices without subsidy: California, Chile, Australia, Turkey, Israel, Germany, Japan, Italy, Spain and Greece, for residential power, as well as Mexico and China for industrial power.
  • Sheikh Ahmed-Zaki Yamani, the veteran Saudi oil minister, saw the writing on the wall long ago. “Thirty years from now there will be a huge amount of oil – and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil,” 

 

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