Solar power now cheapest way to add electricity in many markets – and getting cheaper. The cost of solar power has dropped 90% over the last two decades, and will likely fall another 15% to 25% in the decade to come, says Wood Mackenzie. By 2030, solar will become the cheapest source of new power in every US state, plus Canada, China, and 14 other nations. Wood Mackenzie’s latest report Total eclipse: How falling costs will secure solar’s dominance in power calls the solar power industry “highly investible” due to its growing ability to meet both economic and policy goals.
Wood Mackenzie 21st Jan 2021 read more »
The solar sector has welcomed the UK government’s 31% home carbon emissions reduction target as part of the long-awaited Future Homes Standard update. According to Solar Energy UK, this target could lead to a five-fold increase in new homes built with solar technologies as home builders opt for the low-carbon technology to help meet reduction targets. The Ministry for Housing, Communities and Local Government has detailed plans to radically improve the energy performance of new homes. It is targeting a 75-80% reduction in carbon emissions compared to current levels by 2025, and as such is aiming for an interim 31% reduction by June 2022.
Solar Power Portal 20th Jan 2021 read more »