T: 01242 620894 E: info@mypoweruk.com

Solar to match coal in China by 2016, threatening fossil dominance

Now this is a game changer;  Eric Luo,   the CEO of Wuxi Suntech has confidently predicted that cost of producing electricity from solar will match that of coal burning stations by 2016,  2017 at the latest. Now,  even allowing for the fact that Mr Luo might be talking up his own book here,  this is incredibly important for the future of solar in the global energy mix.

China burns a lot of coal.  It has lots within it’s borders and it’s a quick fix for a rapidly growing economy;  the downside is that the emissions from all those coal fired plants is poisoning it’s people.  If the price of producing energy from the sun is no greater than that from coal,  and as a bonus the air is safe to breathe,  then solar’s share of the energy mix will soar.  

This creates a positive cycle;  more demand for solar creates more capacity and prices come down.  The efficiencies of solar are still improving rapidly and innovation in storage will make this an increasingly reliable and stable energy source.

You can read the full Telegraph article here..


News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award