Tag Archives: Solar

5 Energy Predictions for 2011: Solar Soars As Fossil Fuel Costs Grow

gas-pump1The year ahead appears poised to be another wild ride for the energy sector. A recovering US economy combined with continued strength in China and India will send oil and coal prices toward highs not seen since 2008. Meanwhile, solar and wind power will become increasingly attractive investments and grow their share of Continue reading

Global Solar Installations Grew in 2009, Despite Recession

solarEven the biggest global recession since the Great Depression couldn’t stop the solar market from growing in 2009. Many analysts doubted growth would be possible due to the collapse of solar’s largest market in 2008 – Spain. But Solarbuzz.com just released their annual report and the amount of solar installed in 2009 grew Continue reading

US Wind Potential Estimate More Than Triples

wind-farmThis month brought another exciting piece of news for those of us hoping the US will transition to renewable energy in the years ahead. Not only did the US add a record amount of wind capacity in 2009, but new data show that the potential supply of wind power is almost infinite relative to our electricity consumption. The US government agency that deals with renewables, the National Renewable Energy Laboratory (NREL), finally updated their study of onshore wind resources (since the last comprehensive study in 1993). They now estimate that wind power Continue reading

Wind & Solar Poised to Supply New Demand

wind-farmThe recession was supposed to slow down white-hot renewable energy growth. A lack of financing and tax equity was to reduce the wind and solar markets as much as 50% in 2009. Instead, last year brought new records in capacity additions. Wind power in the US grew Continue reading

Solar price falls to new record low, now below 20 cents per kWh

solarMy first week working with the East Coast Greenway Alliance was amazing. And I have some big news to share that helps make my dream of a mobile bicycle/solar existence possible. Bicycles are already cost-effective, but solar has been out of reach to most consumers in the past. It’s price just fell for the 11th straight month, reaching a new record low. Continue reading

Tuvalu commits to 100% clean electricity by 2020

climatechangeRising sea levels are something small island nations like Tuvalu and the Maldives cannot ignore. That is why the Pacific state of Tuvalu just joined the Maldives as a leader in renewable electricity generation. They committed to get all of their electricity from renewables like wind and solar by the year  Continue reading

Some balance returning to US fuel inventories

oiltanksThe Energy Information Administration (EIA) just released its weekly reports on petroleum and natural gas supply and demand. They both showed the beginnings of a return to balance in the American fuel market. While demand remains low for oil and its refined products, supply is moving lower for equilibrium. The same is happening for Continue reading

July solar price survey shows new record low in Europe

solarThe monthly solar price survey by Solarbuzz.com just came out. And it showed retail prices fell another ~1% last month. Prices still have a ways to go before grid parity arrives, but its nice to see the continued progress. Europe is now enjoying another record low solar price for individual modules at Continue reading

Solar quickly approaching grid parity

solarSolar module prices are falling so fast that solar may be able to cost-effectively compete with fossil fuels within a matter of months. The latest bit of news confirming astounding price drops was from China’s LDK Solar. LDK is a producer of the main component of solar modules (wafers). While their second quarter guidance showed a boost in shipments, it also lowered their revenue expectations, translating into a cost per watt of Continue reading

Recession keeps a lid on fuel prices

gas-pump1The recent oil price rally has taken a break due to the persistence of recessionary low demand. While lower prices may finally translate into lower crude oil and natural gas output in July 2009 than in 2008, US demand numbers show little sign of recovery. This reality makes it tough for renewable energy to compete currently, but is a relief to Continue reading