Wednesday, June 6, 2018

How solar power could become a victim of its own success

Solar plant in Bavaria, Germany


Solar is the world’s fastest growing source of new energy, outpacing growth in all other forms of renewable energy, according to research by the International Energy Agency (IEA) published in November. Renewables overall accounted for two thirds of new power added to the world’s grids in 2016, and solar even overtook coal in terms of net growth. This enormous boost has come about thanks in part to the plummeting costs of getting rigged up to wind and solar, as well as massive growth in China and India.

Good times, then, for the Earth’s long-term prospects of continuing to power itself, and taper the consumption of fossil fuels. At the end of April, 85 per cent of German electricity came from renewable sources, establishing a new national record for the country, with breezy, warm and sunny weather combining to create a renewable whammy of unseen proportions.

Last week, solar overtook biomass to become the third source of renewable energy in the US, and renewables in the country now provide 17 per cent of overall electricity, marking good progress, though there is still a way to go with solar only constituting one per cent. Read More