A worldwide solar surge is credited with a 10% rise in clean energy investments, led by residential solar installations in the US, and Japan. Dramatic drops in the price of solar power as fossil fuel extraction costs rise, combined with a massive global market for cheap energy, could likely trigger a deflation in the price of energy, says a new investment bank analysis.
Solar price is plummeting below Brent crude oil and Liquified Natural Gas (LNG): for developing economies, solar is just cheap, clean , convenient , reliable energy says a recent analysis by investment bank Sanford Bernstein; Henry Hub is a natural gas distributor.
In our global solar roundup, the European Union’s weakened demand for solar power has led to a cut in imports of Chinese modules and a drop in power price. Meanwhile, Germany and the UK pursue different policies as they transition from a solar subsidized market. In China, the distributed solar market is heating up. In Turkey, after a number of false starts, the solar panel market is finally getting started.
In the US, the Department of Defense undertakes its largest solar project yet while President Obama challenges private companies to boost solar power use. In California, regulators encouraged the spread of small scale solar power with storage systems by
systems by preventing utilities from charging excessive fees.
The inventor Asfafaw Tesfay in the process of baking injeras, Ethiopian traditional bread, on his solar powered oven.- wait, you’ve never had Ethiopian food? Go try it today – it’s fabulous!!! Photo: Dag Håkon Haneberg
Improvements in solar technology include a method for determining the optimum schedule needed to clean solar panels; a process that can release stored solar heat on demand; and a solar bread oven for the developing world.
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