Solar Power Will Kill Coal Faster Than You Think

Joan Terry
June 20, 2017

Double digits: A new report from the US Energy Information Administration reveals a milestone for alternative energy sources. Germany produced 82 percent of its electricity from renewables for a period of several days in May. It also is usually a time with strong winds and increasing daylight, which cause renewable power to spike. Data that EIA has gathered since 2014 indicate that the nation's wind and solar generation reaches its annual peak in either spring or fall. The new report, commissioned by the American Wind Energy Association and Advanced Energy Economy, says cheap natural gas is behind most of the decline in the numbers of US coal-fired power plants in recent years, not government subsidies that have bolstered the growth of wind and solar power.

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now. and Wal-Mart wasn't one of them! There are no electric storage systems available today that can affordably and dependably store the vast amounts of energy needed over weeks to reliably satisfy demand using expanded wind and solar power generation alone.

As Julian Spector at Green Tech Media reports, those numbers will likely go up. U.S. Solar installations doubled in 2016 compared to 2015. In contrast, Jacobson et al argue that it is feasible to provide "low-cost solutions to the grid reliability problem with 100% penetration of WWS [wind, water and solar power] across all energy sectors in the continental United States between 2050 and 2055", with only electricity and hydrogen as energy carriers. Since Reagan's election, the price of solar panels has fallen by 99 percent.

Renewable energy is affected by its natural sources and so differs from month to month.

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No surprise here! With cities so famously choked in smog that they've made medical facemasks into a fashion statement, renewable capacity will be growing faster in China than anywhere else in the world. A portion of these businesses are looking to combine renewable energy systems with battery storage. That same sunny, windy day, Germany powered two-thirds of its electricity demand using renewables. SB 90 reflects an extension of the existing tax abatement for solar and renewable energy devices on residential property.

This country got a lot of attention past year when it was reported that almost 100% of the country's energy demand was covered by renewables for part of a day.

Tim Buckley, Director of the Institute for Energy Economics and Financial Analysis (IEEFA), said: "For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets are profound".

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