A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.
Nuclear-News 19th Dec 2016 read more »
The solar industry is wary. US president-elect Donald Trump has picked climate sceptics and oil industry executives for key positions in his administration, promising to scrap President Obama’s clean power plan and withdraw from the Paris climate agreement. Underlying these concerns is a gnawing fear that the rapid expansion of solar energy generation overseen by Obama could soon be undermined.
Guardian 21st Dec 2016 read more »