Householders keen to install solar panels are weighing up their options after the government unveiled new plans for the way people will be paid for supplying renewable energy. The scheme, which will be launched in January next year, works in a different way to its predecessor – and is likely be less lucrative. With solar photovoltaic (PV) panels – the most popular domestic option – costing between £5,000 to £8,000, and six months before the new scheme is up and running, should consumers buy now, wait or skip it?
Observer 30th June 2019 read more »
There are currently 840 million people around the world living without electricity. By 2030, this figure will rise to 1.2 billion as the global population expands and electricity grids remain the same. However, this could change by marrying solar with mini-grids, a new report from the World Bank says. At the moment, some 47 million people in remote locations have been connected to mini-grids, most of them in Asia. There are 19,000 of these mini-grids, and most of them run on diesel or hydropower. However, in light of the global sustainability drive, diesel is not the best option. Solar, on the other hand, could be, according to the World Bank. Unlike hydropower and wind, solar panels can be installed in various locations. They are not so tightly bound by the availability of the resource they use: sunlight. Also, the costs of solar panels are falling and so are the costs of the batteries that will provide the necessary storage capacity for such installations.
Oil Price 29th June 2019 read more »