Tag Archives: solar power

ENERGY: ‘Insanely cheap energy’: solar power continues to shock the world

Solar is now officially cheapest form of energy – IEA

IEA’s Executive Director, Dr. Faith Birol

May 02, 2021 – Kaieteur News – According to the estimations of the Paris-based International Energy Agency (IEA), solar energy has not only become the cheapest form of energy, but is also poised to become king of global electricity markets.

The intergovernmental organisation which works with countries around the world to shape energy policies for a secure and sustainable future, made this conclusion known in its recent publication of World Energy Outlook 2020. This document is a yearly study that allows the agency to map possibilities for the future.

In the WEO-2020, the agency outlines the “extraordinarily turbulent” impact of the coronavirus on the now “highly uncertain” future of global energy use over the next two decades. The IEA in its highly influential annual outlook offers four global energy “pathways” to 2040, all of which see a major rise in renewables.        Continue reading

2016: The year solar panels became cheaper than fossil fuels

2016: The year solar panels became cheaper than fossil fuels

Ruth Milka – | News Report

The U.S. added about 125 solar panels every minute in 2016. This is double the pace of 2015.

It’s finally happened. The renewable energy future has arrived. Installing new solar panels is cheaper than a comparable investment in coal, natural gas, or other options.

According to the World Economic Forum (WEF), installing new solar panels is cheaper than a comparable investment in coal, natural gas, or other options. Solar and wind is now the same price or cheaper than fossil fuels in more than 30 countries.   Continue reading