Joe Emerald
Inactive User
- Joined
- Aug 5, 2013
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With all the talk of fracking and wind turbines, it is going to be solar power that wins out in the end. It's all about grid parity, ie the point at which solar power costs the same as standard fossil fuel energy from the grid. There are two types of grid parity: grid parity inclusive of subsidy, and outright bona fide grid parity.
Eventually, although for the UK it might be a decade in the future, we will see bona fide grid parity here.
I suppose you could add a third type of grid parity. Grid parity factoring in the need for storage of solar energy once generated. When that third type of grid parity is hammered down, solar will become the world's principal source of energy. Apart from anything else, it will change the face of geopolitics. The big losers will be countries like Saudi Arabia and Russia.
Eventually, although for the UK it might be a decade in the future, we will see bona fide grid parity here.
I suppose you could add a third type of grid parity. Grid parity factoring in the need for storage of solar energy once generated. When that third type of grid parity is hammered down, solar will become the world's principal source of energy. Apart from anything else, it will change the face of geopolitics. The big losers will be countries like Saudi Arabia and Russia.